A self-managed superannuation fund has taken Slater & Gordon to court to block the the acquisition of its shares in the firm as part of the plaintiff firm’s takeover by private equity firm Allegro Funds, saying the 55 cents per share price is not fair and reasonable.
A judge has criticised HWL Ebsworth’s discovery efforts and ordered the law firm to try again in the firm’s dispute with a former partner claiming the company cut him out of a proposed ASX float in 2020.
The Australian Competition and Consumer Commission has expressed concerns that Transurban’s plan to acquire a majority stake in fellow toll road operator Horizon Roads will hinder competition for future toll road projects.
The developer of healthcare directory app Whitecoat must pay health insurer and joint venture partner NIB $1.6 million for loans that were never repaid following the app’s sale to the Commonwealth Bank for $42.5 million in 2021.
In a decade-old dispute, Viterra has lost an appeal of a judgment holding it liable to pay Cargill Australia $293 million for misrepresentations about the performance of its malt producer Joe White, which it sold to Cargill for $420 million in 2013.
A court has ordered the estate of Frank Wilson, founder of failed sandalwood producer Quintis, to be sequestered in a claim brought by Quintis subsidiary Arwon to recover an unpaid $15 million debt.
Telstra and TPG have lost their challenge to the ACCC’s decision refusing authorisation for a $1.8 billion regional network sharing agreement, with the Australian Competition Tribunal finding the deal would increase Telstra’s dominance in the mobile phone market.
Ashurst has poached two Gilbert + Tobin partners for its corporate team, as the firm expands its offering in the public and private M&A markets in Australia and abroad.
The Victorian government has elevated an Associate Justice who has overseen class actions and a senior counsel who assisted the Victorian royal commission into Crown Resorts to serve as judges on the Supreme Court of Victoria.
The Queensland government has signed off on ANZ’s proposed $4.9 billion merger with Suncorp’s banking arm, after the company agreed to remain headquartered in Brisbane as a dedicated insurance company.