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.
A unit of developer Dennis Family Corporation has been hit with a class action by buyers of apartments in a Brisbane estate who claim their contracts were wrongly terminated when neighbouring property values soared.
Developer CIP Group is fighting opposition to its bid to amend its claims in oppression proceedings brought against entities associated with a 600-lot environmentally friendly residential development in a Brisbane suburb.
Beach Energy has acquired oil and gas exploration company Vintage Energy’s stake in PEP 171 – a gas field in the Victorian section of the Penola Trough located in the Otway Basin. On Thursday, Vintage announced that Amplitude Energy – the other half of the PEP 171 joint venture – has waived its pre-emptive right…