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A judge has signed off on a $59 million settlement in a class action accusing five banks of foreign exchange rate-rigging, while bemoaning the failure of successive attorneys-general to advance reforms clarifying the court’s power to make class closure orders.
Construction PRO
Igneo Infrastructure's Australian renewable energy platform Atmos Renewables has acquired the remaining stake in the 316MW Hornsdale wind farm from Neoen Australia in a $400 million deal.
Mastercard says legal professional privilege remained over a document after a junior lawyer "inadvertently" sent it to the ACCC in 2020 while the credit card giant was trying to dissuade the regulator from continuing an investigation into alleged anti-competitive conduct.
A former ANZ trader that sued the bank five years ago for allegedly sacking him for complaining about the bank's attempted manipulation of the bank bill swap rate wants the trial date pushed out after receiving thousands of documents from the bank.
A junior Ashurst lawyer's failure to register a drug wholesaler's $51 million security interest over a group of Infinity pharmacies was inadvertent, a judge has found in granting a bid to extend the deadline for registration.
Magnis Energy Technologies has missed the deadline to file its evidence in ASIC proceedings over allegedly misleading disclosures about its lithium ion battery plant, with a court hearing the company's new lawyers have not had a chance to brief counsel.
The tribunal has recommended that a barrister who practised without a certificate, failed to display competence in a client matter and did not comply with direct briefing rules be struck from roll.
The public body in charge of managing the Murray Darling’s water resources has slammed as "incoherent" a class action's claims that it owes a duty of care to protect farmers and irrigators against economic loss.
Mercer Super faces enforcement action by ASIC, alleging the superannuation giant failed to inform the watchdog about investigations into serious issues, including a failure to refund premiums to dead members.
HESTA Super has complained that the tax office has unfairly stripped it of $11 million in franking credits, denying it did not hold the credits 'at risk' for the required 45-day period.