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Banksia Securities investors who agreed to drop their case alleging breaches linked to a scandal-ridden class action have been hit with costs, with a judge saying the case was “plainly” not for the benefit of all group members.
A judge has ordered a foreign investor in rare earths miner Northern Minerals to pay pecuniary penalties after it failed to comply with divestment orders, in the first case brought over alleged breaches of foreign investment laws.
Construction PRO
A court has ruled that the body corporate of a block of units can bring a contract claim against builder Devine in its own name, finding that parliament did not intend to import the technical legal meaning of ‘subrogation’ into legislation governing owners corporations.
Construction PRO
Construction company Crema has lost a bid for an injunction blocking the developer of a luxury apartment complex in Melbourne’s east from accessing $6 million in performance security amid a fight over project delays.
Construction PRO
A judge has called the conduct of the director of property group Vantager “breathtaking” in its “brazen dishonesty” after he misappropriated $33 million from a $45 million property sale with the help from his accountant.
Two Liberty Steel companies want a case brought in NSW by administrators for collapsed supply chain finance company Greensill to be put on hold while a related case in the UK is on foot.
Construction PRO
The NSW Land and Environment Court has thrown out an objection to a 100mw solar farm slated to be built in Wallaroo on the NSW and ACT border, finding solar farms are not inconsistent with rural character.
In BCI’s data-scraping case against CoreLogic, which is set down for trial in April, a judge has thrown out a strike-out application she said was brought five months too late.
A United Nations special rapporteur is seeking court approval to intervene in a lawsuit by First Nations and pro-Palestine activists challenging laws passed in the wake of the Bondi massacre that bar protests after a terrorist incident.
A former managing director of battery maker Duracell whose permanent residency visa application was pulled after his employment was terminated has lost a bid for more time to formulate a case for injunctive relief.