Most Recent
Treasurer Jim Chalmers greenlights $4.9B ANZ, Suncorp merger
Financial Services 2024-06-28 9:21 am By Cat Fredenburgh

ANZ is set to acquire Queensland bank Suncorp, with treasurer Jim Chalmers signing off on the deal after the ACCC failed to block the $4.9 billion merger on competition grounds.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

UK firm DWF expands in Australia with Proclaim acquisition
Business of Law 2024-06-28 11:16 pm By Cindy Cameronne

UK law firm DWF has acquired Melbourne claims management business Proclaim, expanding its insurance business in Australia. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Bonza administrators say budget airline likely traded while insolvent
Restructuring & Insolvency 2024-06-27 10:19 pm By Andy Sidler

The administrators for budget airline Bonza have found it likely traded while insolvent in the lead-up to its voluntary administration, suggesting the airline’s directors may have breached their duties under the Corporations Act. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘Alarming’: ASIC suspects ex-Keystone boss may have used investor funds to buy home
Financial Services 2024-06-25 11:29 pm By Cindy Cameronne

A judge has expressed concern about the Australian Securities and Investments Commission’s suspicion that a former director of Keystone Asset Management may have used investor funds to purchase a house in his wife’s name, calling it “alarming”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ACCC raises concerns about Olam’s bid for Namoi Cotton
Competition & Consumer Protection 2024-06-20 11:22 pm By Andy Sidler

The ACCC has raised concerns that Singaporean agricultural giant Olam Agri Holding’s bid to acquire ASX-traded cotton ginner Namoi Cotton could reduce competition and stick cotton farmers with higher prices, one month after flagging similar concerns with Louis Dreyfus’ competing takeover proposal. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘We’re not a legal aid agency’: Judge says directors can’t rep investment firms
Financial Services 2024-06-13 2:57 pm By Sam Matthews

A judge has scorned a bid by the directors of John Bridgeman and JB Markets to represent the companies in a case brought by investment fund Benjamin Hornigold, suggesting the companies seek pro bono or community legal assistance.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

$8.8B Sigma, Chemist Warehouse merger raises competition concerns: ACCC
Competition & Consumer Protection 2024-06-13 2:16 pm By Andy Sidler

The ACCC has flagged competition concerns about drug supplier Sigma Healthcare’s proposed $8.8 billion reverse merger with Chemist Warehouse, saying the tie-up could harm independent pharmacies and lessen competition in pharmacy retail.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge throws out suit against Slater & Gordon over Allegro takeover
Corporate 2024-06-12 2:39 pm By Sam Matthews

A judge has thrown out a shareholder’s case against Slater & Gordon over the firm’s takeover by private equity firm Allegro, after finding the firm was not the proper target for the claims. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Climate activist firm takes NAB to court
Climate change 2024-06-07 11:42 pm By Cat Fredenburgh

A law firm that has gone after major banks and the federal government over their climate exposure has trained its sight on the National Australia Bank.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

High Court won’t take up Clive Palmer’s challenge to criminal charges
High Court 2024-06-06 11:37 pm By Cat Fredenburgh

The High Court will not hear mining magnate Clive Palmer’s challenge to a court’s finding that lawsuits he brought challenging two criminal cases against him over a takeover bid and alleged payments to his political party were an abuse of process and should be stayed.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?