The co-owners of the Pacific Werribee shopping centre in Victoria have lost their bid to join collapsed builder Probuild’s primary insurer AIG to their case over $356 million in alleged defects.
Lendlease has lost its appeal of a ruling that shot down its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown against a company controlled by the Macarthur-Onslow family.
Law firm Gillis Delaney has defeated a bid for third-party costs by a warehouse management software company that was named in an intellectual property dispute, with a judge rejecting claims the firm was not authorised to act and acted unreasonably.
The trustee for shareholders that want to retain their Dexus-managed stake in Australia Pacific Airports Corporation can’t be separately represented from the selling group, a judge has ruled in a case that pits APAC’s investors against each other.
The corporate regulator has won the High Court’s leave to challenge a ruling for cryptocurrency firm Block Earner that it argues will allow future crypto products to evade the rules.
A judge has hit Dyldam Developments’ former boss Sam Fayad and his two sons with costs after ordering them to pay $50 million in a case by the liquidator of a special purpose vehicle, but awarded costs to payment intermediaries for the liquidator’s “manifestly weak” case against them.
The corporate regulator should not be immune from the risk of special costs for actions doomed to fail, says a judge who flayed ASIC last month for bringing a case against TerraCom directors it should have known was a dud.
The High Court has rejected logistics company Qube’s special leave application asking it to clarify the scope of an adjudicator’s role in determining a contractor’s payment claims under the SOP Act.
The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money.
A judge has slammed a Herbert Smith Freehills Kramer partner’s submission that it is not good practice to subpoena witnesses in complex litigation — saying this was “news to [her]” — and rejected client AMP’s bid to have a key witness testify from an Airbnb.