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ASIC has launched court proceedings against National Australia Bank accusing the bank of engaging in unconscionable conduct by charging more than $365,000 in fees to which it was not contractually entitled.
The Full Federal Court has granted a limited appeal in the Kingdom of Spain's challenge to a judgment enforcing a $375 million arbitration award over two renewable energy investments, ordering a redrafting of the primary judge's orders but rejecting claims that Spain was immune as a foreign state from enforcement of the award.
The High Court will hand down its ruling Wednesday in a high-stakes case between ASIC and Westpac that is expected to clarify the line between personal and general financial advice.
A court has found that insurer Youi breached its duty of utmost good faith by taking two years to settle a home owner's hail storm claim.
Former solicitor general Justin Gleeson SC has been appointed contradictor in GetSwift's battle to have the judge overseeing a shareholder class action disqualify himself from the proceedings after overseeing the trial in ASIC's case against the logistics provider.
‘Industrial activity’ under Fair Work Act doesn’t extend to spat over worksite amenities, court says
In an important ruling that confines the scope of "industrial activity" under the Fair Work Act, the Full Federal Court has overturned a $50,000 fine against the CFMEU and two officials for organising a work stoppage at a Brighton construction site that the union said needed a female toilet.
The Federal Court's top judge has cautioned ASIC and insurers Allianz and AWP against presenting a "bastardised form of pleading" in the financial watchdog's action over the alleged misleading sale of travel insurance to over 31,000 consumers.
Litigation funder Augusta Ventures has won its challenge to a landmark ruling that it pay $3.1 million in security for the costs of two Fair Work class actions it is financing on behalf of casual mine workers.
AIG has settled a lawsuit brought by Kaboko Mining against several former directors alleging they failed to exploit commercial opportunities, after the insurer failed to convince an appeals court that an insolvency exclusion in the company's D&O policy should exempt it from covering the claims.
A history of serial offending by the CFMEU could be factored into a court's finding on the gravity of later breaches of the Fair Work Act, but not to the extent that the union pays a disproportionate penalty, the Full Federal Court has found in a significant ruling that settles conflicting case law.