US investment firm White Oak Global Advisors told the Federal Court of Australia that Lex Greensill blocked it from verifying invoices from multinationals including Mitsubishi and Panasonic, as it defended negligence allegations relating to its deal with the financier as it seeks to recover million of dollars in insurance claims linked to the invoices it bought.
US investment firm White Oak Global Advisors told the Federal Court of Australia that Lex Greensill blocked it from verifying invoices from multinationals including Mitsubishi and Panasonic, as it defended negligence allegations relating to its deal with the financier as it seeks to recover million of dollars in insurance claims linked to the invoices it bought.
The Federal Court of Australia has ruled that former Westpac subsidiary RAMS Financial Group breached its good-faith obligations by revoking a franchisee's credit authorisation and terminating its agreement, but made no finding on unconscionable conduct.
The Supreme Court of Queensland rejected on Friday a bid by a director of two collapsed transport companies to set aside a default judgment over unpaid penalties, dismissing her claims that she was "uneducated" and misunderstood her role in the businesses.
Commonwealth Bank of Australia Chief Executive Matt Comyn said Australia's lawmakers should consider a statutory AI-training copyright regime under which rights holders could opt out of having their material used to train AI models and receive compensation when it is used.
ASIC has sued former financial adviser Osama Saad in the Federal Court, alleging he participated in schemes to avoid conflicted remuneration laws and breached his best interest obligations when advising clients to invest their superannuation in the collapsed First Guardian Master Fund.
The Supreme Court of Western Australia has elected former state Labor politician Simon Millman as its registrar and extended Todd Hill's tenure as an acting registrar, the WA Supreme Court said in a statement on Thursday.
