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In a win for ASIC, a judge has found that former oil and gas company Antares Energy violated its continuous disclosure obligations by failing to reveal the name of the buyer behind an ill-fated US$254 million acquisition of Texan oil assets.
The receivers for funds manager Equititrust, who are suing the name partners of law firm Tucker & Cowen, have failed in their bid to have further security for costs paid in the form of deeds of indemnity, despite telling the court that funder Vannin might withdraw its support for the litigation.
A court has ordered a subsidiary of Indian conglomerate Adani Group to pay more than $106 million to four coal mining companies after finding the mining company engaged in "dishonest behaviour" and misled the court.
Mining giant Glencore has won its appeal over access charges to Port of Newcastle shipping channels used to export coal from the Hunter Valley.
Thomson Geer has raided DLA Piper and Macpherson Kelley and picked up some of Australia’s top lawyers, one month after raiding Dentons' Brisbane office, as it aims to become one of the country’s major law firms.
The Australian Competition and Consumer Commission has initiated proceedings against Victorian electric utility Sumo Power for allegedly luring customers with the promise of discounts and low rates only to jack up their prices months later.
Global law firm DLA Piper has boosted its restructuring practice with the hire of former Ashurst partner Lionel Meehan for its Melbourne team, the firm's fourth new hire in recent months.
DLA Piper has hired a partner to build up its finance dispute resolution and class actions practice in Australia.
The competition regulator wants the High Court to hear its challenge to Pacific National's $205 million acquisition of Aurizon's Acacia Ridge Terminal in Queensland, saying the deal would entrench the rail freight carrier's near monopoly on the east coast of Australia.
Shine Lawyers and barrister David Turner have once again dodged a negligence lawsuit over advice given about a $630,000 contractual dispute, with an appeals court upholding an earlier decision dismissing a bid to join the two parties.