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Liquidators for collapsed forestry giant Gunns Plantations have lost a High Court appeal over $1.2 million in payments to a former supplier that confirmed the so-called peak indebtedness rule does not apply in Australian insolvency law.
A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania has settled its claims against former Tasmanian Premier Robin Gray.
The widow of mining executive Ken Talbot has lost a case alleging law firms Arnold Bloch Leibler and Boyd Legal mishandled her late husband’s estate after a judge found she had a “stated intention to destroy” the estate lawyer.
United Petroleum has been hit with a class action on behalf of franchisees who allege they suffered loss when the petrol giant installed loss-making Pie Face stores at its franchise sites.
A judge has found a BHP mine took adverse action against a labour hire worker by excluding him from entering a Queensland mine after he complained about safety, rejecting arguments that the mine could not take adverse action because it did not employ the worker directly.
A judge has found Downer Energy was responsible for a costly shutdown at a NSW power plant caused by a “practically unthinkable” defect.
An investor class action against RCR Tomlinson has reached a walk-away settlement agreement with two former directors of the failed engineering company.
Clayton Utz has snagged an energy regulatory expert who has worked as general counsel at AusNet and was formerly a partner at Herbert Smith Freehills to join its Melbourne corporate practice.
An appeals court has dismissed an appeal from two contractors who worked on Chevron's Gorgon gas field project who allege they were underpaid over $130 million by the energy giant.
Wood-fibre processor and exporter Midway Limited has been hit with a $33,000 penalty after the Australian Securities and Investments Commission alleged it failed to disclose a revenue downturn to shareholders.