Mining magnate Clive Palmer has attacked a class action by timeshare owners of the ill-fated Palmer Coolum Resort on two fronts, arguing that a special levy to fund the action breached the Corporations Act and seeking to strike out significant portions of the case.
A company owned by Clive Palmer has filed a lawsuit seeking to thwart a class action brought by villa owners in the billionaire’s now abandoned Palmer Coolum Resort.
The Queensland Supreme Court judge has refused to transfer proceedings by villa owners against Clive Palmer’s abandoned Sunshine Coast resort to the Federal Court, but has also rejected a separate bid by Palmer to shut down the case, which has been dormant for six years.
Two construction companies have lost what a court has called a “puzzling” bid to oust the liquidators of collapsed FW Projects amidst a legal battle in the NSW Supreme Court over the property developer’s remaining assets.