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Payments processing company EML has won more time to respond to a new pleading in a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.
An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee's assessable income.
Construction PRO
A judge has order the winding up of a construction company contracted to build a Queensland shopping centre after the builder failed to comply with a statutory demand.
Construction PRO
Nine-owned Australian property marketplace Domain is weighing up a $2.7 billion cash takeover offer from US-based CoStar Group, which snapped up a 16.9 per cent share in the company on Thursday.
Construction PRO
ASX-listed Stockland has secured two new logistics deals with global investment firm KKR and property investor M&G Real Estate worth a total of $800 million.
US drug maker Allergan may defend a class action over recalled textured breast implants by arguing its knowledge of the alleged defects was limited by the state of scientific knowledge at the time the products were made.
GM has foreshadowed a strike-out application in a class action over alleged faulty transmissions in Holden vehicles, but a judge has warned he won't "take kindly" to pleading spats.
A top environmental lawyer has joined Jones Day as a partner in the firm's government regulation practice.
A bid by Banksia Securities' special purpose receiver to thwart planned proceedings by a group of debenture holders against lawyers for the class action funder has failed.
The Fair Work Ombudsman has sued the CFMEU and its former Victorian secretary John Setka for allegedly trying to coerce the AFL into sacking its head of umpires for bringing over 50 court cases against the union.