The Australian Securities and Investments Commission is taking a third swing at cyber enforcement proceedings, suing financial planner Fortnum Private Wealth after a breach saw the data of 9,000 clients published to the dark web.
An appeals court has confirmed a finding that despite contractual arrangements mandating service by 5pm, a $3.2 million payment claim emailed to Roberts Co after hours on a Friday was validly served.
Property giant Dexus has acquired a 25 per cent stake in Australia’s second-largest regional shopping centre from Scentre for $683 million.
A court has permanently stayed a case by a founding director of solar developer Sun Bred, saying that if the company was forced to defend the suit, there would be less than $71,000 left to meet the exec’s $8.5 million claim.
Dairy distributor Australian Consolidated Milk has lodged proceedings against competitor Fonterra, alleging the cooperative encouraged suppliers to break their exclusive supply agreements by offering a better price.
The body corporates for beachfront blocks on the Gold Coast have failed in their bid to knock back two land valuations by a combined $28 million, with a Land Court member finding oceanfront land fetches a higher premium.
A judge has blocked the director of Taylors Business from representing the company in a consumer class action, finding he will not be of any assistance to the court.
A court has found that United Petroleum is not bound by the terms of a signed lease offer sent to a neighbouring Gold Coast pharmacy operator, ruling the company’s property consultant had no authority to negotiate or enter into a new lease on its behalf.
Developer Dennis Family Corporation has been hit with class action by purchasers of apartment units in Brisbane who allege their contracts were wrongly terminated after the market value of neighbouring properties soared by 40 per cent.
A judge has found that there is no need to revise the 27.5 per cent group costs order secured by Slater and Gordon following the consolidation of two class actions against Insurance Australia, despite the likelihood of a larger payout to the firm.