Georgia Douglas

The founders of automotive data company Blue Flag have sued majority owner Optimus Group, claiming it improperly sent default notices to divert a share exit process.

Defunct telecommunication company NewSat has until 7 April to pay security for defence costs in a case against a group of lenders that withdrew financial support for the company's satellite project.

A barrister for a group of banks defending a lawsuit launched by satellite company NewSat has questioned the credentials of the defunct firm's solicitor, who has challenged the lenders' $8.9 million security for costs bid.

Defunct telecommunications company Jabiru Satellite can add new claims to its suit against major banks for withdrawing support for Australia’s first satellite, but it can't put on a case that the lenders were “shadow” directors.