That it once had a $100,000 bank cheque is not sufficient evidence to prove a funder behind a class action over the $16 billion WestConnex tunnel can meet a costs order in a feud with the applicants, an appeals court has said.
Real estate landlord Dexus is suing South Australia’s medical research insitute for failing to execute on 30-year leases to occupy Adelaide’s Australian Bragg Centre, despite “repeated demands”.
Big Six firms Allens and Herbert Smith Freehills are the law firm heavyweights behind $750 million in platform financing for ACEN Australia’s renewable energy portfolio.
The funder behind a class action against Transport for NSW over the $16 billion WestConnex project has lost another appeal in its ongoing spat with the lead applicants.
In the first prosecution of its kind, a Queensland property developer has been fined $150,000 for offences relating to a project trust account under the state’s security of payment laws.
Class actions against Hyundai and Kia say they need a third round of document discovery, two years into the cases, but a judge has said the applicants should first detail the alleged engine defects at issue.
An appeals court has sided with the state of Victoria on a crucial issue in its case against LU Simon Builders over alleged combustible cladding on Melbourne’s Atlantis Towers.
Building façade company Sharvain, which went under last month, owes major builders $54 million, according to a judgment pushing out the date for a creditors meeting.
Details of a settlement with AIG in a class action by investors in failed Linchpin reveal the insurer has paid out all of a $10 million policy and will hand over another $2.15 million in interest and costs.
Real estate investment manager Salter Brothers has resolved a spat with XL Insurance over more than $6 million in costs incurred in successfully defending itself in lawsuits by three clients.