Lawyers who were found to be negligent in drafting orders after a successful appeal in a corporate oppression case have to foot their own costs after incurring âwasted or unnecessaryâ fees, an appeals court has held.
A former CEO of defunct investment research firm van Eyk has admitted to breaching his duties by using his position as director of a subsidiary to dishonestly retain control of the company.
The former CEO of failed electronics retailer Dick Smith should be held responsible for approving two dividend payments worth $28.5 million which the company could not afford to pay given it owed millions in unpaid bank loans and supplier debts, an appeals court has heard.Â
Forex Capital Trading liquidators have won an âurgentâ bid for orders allowing them to distribute $69.5 million to 8,600 former customers of the derivatives trader which allegedly gave misleading advice on products described as âlittle more than gamblingâ.
United Petroleum has taken Perth Airport to court, arguing it was induced to enter a $900,000 lease and construction agreement at the airportâs central precinct with empty promises of redevelopment at the site.
The founder of wholesale food company Hudson Pacific has sued PricewaterhouseCoopers for allegedly providing bad advice on the terms of the $88 million sale of his business to Retail Food Group in 2016.
Bill Papasâ girlfriend Louise Agostino has hit back at Westpacâs lawsuit accusing her of involvement in the Forum Group directorâs alleged $294 million fraud, denying all allegations and arguing that the bulk of the bankâs claims against her should be struck out.
Founder and former CEO of listed investment firm DomaCom is suing Nine over an episode of A Current Affair that allegedly suggested he was involved in a sham acquisition of agriculture company Austagri to boost his company’s share price.
AGL Energy has defeated a green investor’s challenge to its demerger scheme booklet ahead of a vote on the controversial proposal, but has been ordered to rectify a video to disclose the climate-related risks of the plan.
The new chair of the competition regulator has taken aim at companies for âpushing the boundariesâ of Australiaâs merger control regime and taking a âstrategic approachâ to clearance, as the regulator yet again flags the prospect of a reform push.