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Construction PRO
A billionaire Chinese property developer who has been exiled from Australia owes nearly $30 million to an investor who sank $20 million into the Eastwood Shopping Centre, which the developer sold for $155 million in 2021.
Produce wholesaler Perfection Fresh has admitted liability in the competition watchdog's case alleging it made price-fixing arrangements with other suppliers before submitting weekly quotes to Aldi.
A class action filed against the corporate cop over alleged inaction against a failed housing scheme targeting the elderly has been discontinued after the lead plaintiff was unable to secure litigation funding.
Construction PRO
A judge has ruled that IG Power is not required to reimburse Genuity $24.4 million in interest charged by its parent company on a $60 million loan to rebuild the Callide power station, finding the loan was intended to be interest free.
A judge has suggested there may be merit in waiting for Johnson & Johnson to file a defence before deciding an application for a group costs order in a class action accusing the company of selling defective, carcinogenic talcum powder.
A KPMG partner who resigned in the wake of the firm's leaks scandal in May has defended his auditing of now defunct steelmaker Arrium, telling a court that inconsistencies were resolved through talks with management.
Construction PRO
Bathroom products giant Reece has lost its challenge to a decision that found its lease of a western Sydney warehouse remained on foot after it made an invalid attempt to terminate the ten-year deal.
In a win for the ACCC, a judge has found online dating site eHarmony misled consumers about automatic subscription renewals and its free plan, which the judge found imposed restrictions that were incompatible with the idea of 'dating'.
The former chairman of collapsed Arrium has denied that his purchase of 750,000 shares was aimed at showing confidence in the company, attributing his purchase to a personal policy.
Construction PRO
Property developer Bathla has entered voluntary administration, citing a reduction in sales, high construction costs and falling confidence in key markets.