Australia ranks second in the world for climate-related lawsuits, and the threat of climate litigation looms larger than ever for Australian companies across all sectors, a new report has found.
Doral Mineral Sands has successfully blocked a pre-action discovery bid by an irate shareholder over losses stemming from the $32 million Keysbrook mine sale, with the Western Australia Supreme Court finding that any case against Doral was “mere assertion, conjecture or suspicion”
A judge will approve a $28 million settlement resolving a class action against Arnold Bloch Leibler over advice the law firm gave to Slater & Gordon ahead of a disastrous acquisition. A 28 per cent commission for the case’s funder will also get the court’s nod.
The ACCC will target businesses seeking to use COVID-related disruptions to global and domestic supply chains as âa veil for illegal conductâ the watchdog’s outgoing chair has said in setting out the regulatorâs priorities for 2022.
Grain producer Viterra, which has been ordered to pay $293 million to Cargill Australia for making misleading representations during the sale of malt producer Joe White, rejected an offer to settle the lawsuit for $85 million, a court has heard.
The ACCC got what it wanted when IVF providers Virtus Health and Healius terminated a proposed $45 million merger, but it wasn’t a win, a judge has said in mostly denying the regulator’s bid to recover the costs of its court challenge to the deal.
A new taxation super-group is on the horizon, with leading tax advisory firm Greenwoods set to join the ranks of PwC Australiaâs financial advisory business in the midyear, amid a âwar for talentâ in the sector.Â
The Australian Securities and Investments Commission has dropped all but one claim against Rio Tinto in a four-year-long case over disclosures related to its troubled $5.8 billion acquisition of a Mozambique coal mining business and abandoned all claims against the mining giant’s former CEO and CFO.
Grain producer Viterra has been ordered to pay Cargill Australia $124 million in pre-judgment interest on top of the $168.9 million it was ordered to pay after a judge found it misrepresented the performance capabilities of Joe White during the $420 million sale of the malt producer.
The ATO has secured freezing orders on $220 million in capital gains tax arising from the $19 billion private equity sale by China’s State Grid of its substantial shareholding in energy infrastructure giant AusNet.