A New South Wales developer and construction company have been hit with a class action by aggrieved property owners at a Central Coast commercial development who say the building was riddled with defects, including subpar air conditioning.
AMP has admitted ASIC’s allegations that it acted unconscionably in charging life insurance premiums and advice fees to deceased customers, but the wealth manager will go head to head with the regulator over how much it should pay for its contraventions.
The first class action brought in Tasmania’s Supreme Court is demanding compensation from the government for over 100 former child detainees of the state’s controversial Ashley Youth Detention Centre.
US animal health giant Zoetis has offered to shed assets to win competition clearance for its proposed takeover of NSW-based pet drug maker Jurox.
Law firm Johnson Winter & Slattery is expanding its footprint with the opening of a Canberra office spearheaded by two new partners lured from MinterEllison and leading M&A partner Marcus Clark.
Insurance Australia Group faces a class action by shareholders over its disclosures connected to the impact of COVID-19 claims by policyholders.
Mastercard had a legitimate and pro-competitive reason for reaching agreements with major retailers to choose its network over Eftpos for debit card processing, a court was told Wednesday in the competition regulator’s misuse of market power case against the financial services behemoth.
The Australian Competition and Consumer Commission has given the OK to Aurizon’s proposed $2.3 billion acquisition of rail haulage company One Rail, after accepting a court-enforceable undertaking from Aurizon to sell One Rail’s east coast business.
Ultra Tune is facing contempt of court proceedings for allegedly breaching a judge’s orders and failing to meet the requirements of a court-ordered compliance program, instituted after the company copped a $2 million fine for contravening its disclosure obligations to franchisees.
Law firm Mills Oakley is launching a cyber risk and insurance offering spearheaded by former HWL Ebsworth partner Jason Symons.