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Philanthropist and Wotif founder Graeme Wood will have to pay more than $15 million after the Victoria Supreme Court found one of his companies had breached an agreement to act as guarantor for the $73 million sale of a Queensland aquaculture business.
Hall & Wilcox has lured a senior finance, corporate and regulatory lawyer from the Reserve Bank of Australia, in what is being described as a major coup for the practice.
US law firm Jones Day has nabbed leading energy and natural resources partner Dan Howard from Clayton Utz after more than 26 years with the firm.
Grain producer Viterra will be ordered to pay Cargill Australia $168.9 million after a judge found the Glencore-owned company misrepresented the performance capabilities of malt producer Joe White when it sold the company for $420 million in 2013.
The Australian Competition and Consumer Commission has raised concerns about a proposed takeover of NSW-based pet drug maker Jurox by US animal health giant Zoetis.
Rio Tinto will face a penalty in proceedings brought by the Australian Securities and Investments Commission alleging the mining giant misled shareholders about the resources of a Mozambique mining company it acquired for $5.8 billion in 2011 and later offloaded for $70 million.
Law firm Maddocks has bolstered its corporate practice with the addition of two senior mergers and acquisitions specialists, nabbed from Lander & Rogers and Herbert Smith Freehills.
Lander & Rogers has recruited four leading corporate lawyers from KPMG Law, including highly-regarded partner David Morris, as part of the law firm's aggressive growth strategy.
The former CEO of Blue Star Helium is challenging a ruling that slugged him with a $40,000 penalty and a four-year ban for failing to disclose to shareholders the identify of the buyer behind a botched sale of Texas oil assets.
Salter Brothers' multmillion dollar investment in advisory firm Hendry Group is worthless, a court has been told in the fund manager's case alleging it was the victim of miseleading representations.