The ACCC has expressed concerns that Forestry Corporation of NSW’s proposed acquisition of Hume Forests could lead to price increases in regional areas by removing a significant competitor in the softwood market.
Insolvency practitioners are holding their breath as the High Court hears a case that could abolish a key rule used by liquidators in recouping payments to unsecured creditors at a time when the industry is bracing for a possible recession.
A judge has questioned AMP Financial Planning over whether it breached court orders to compensate customers after finding the firm failed to prevent a now banned adviser from churning life insurance for higher commissions.
Toyota Australia has been hit with a class action on behalf of up to half a million owners of diesel-powered vehicles which allegedly contain diesel ‘defeat devices’ that allowed the car manufacturer to cheat on emissions tests.
A judge has ordered Shine Lawyers to pay indemnity costs in a side dispute over an “objectionable” subpoena the firm issued five days before trial was set to start in a personal injury case over alleged sexual abuse at the Brisbane Youth Detention Centre.
Hillsong Church has denied whistleblower allegations of extensive financial misconduct, claiming an employee was “not correct” to accuse the megachurch of funnelling donations through US bank accounts to skirt Australian charity regulations.
The NSW gaming regulator has suspended the Star Entertainment Group’s casino license and handed it a $100 million fine after uncovering anti-money laundering breaches and “inherently deceptive” misconduct.
A judge has questioned a class action firm’s claim that it and its counsel spent 180 hours and $63,000 in fees preparing pleadings in an underpayments class action against supermarket chain Drakes, saying the number of hours was not “reasonable”.
A law firm has lost its bid to appoint a costs referee after reaching a $5.8 million class action settlement with the On The Run convenience store chain, saying it was “hurtful” for a judge to suggest the firm wanted to “maximise its position” over group members.
A COVID-19 outbreak aboard the Ruby Princess that left 28 people dead was “something that was very likely to happen” and the cruise should never have sailed, a court heard as a class action trial against Carnival PLC kicked off.