Coombes Property Group has been awarded $200 million in compensation for Sydney Metro’s compulsory acquisition of its CBD property, despite contending it was entitled to $430 million.
Property developer Mirvac has successfully challenged the land tax valuation of a North Sydney office block, securing a $6.25 million reduction following a conciliation conference with the Valuer General of NSW.
Real estate investment firms Dexus and Ho-Group have convinced the valuer general of NSW to knock roughly $26 million off its initial valuation of a Sydney office sold by Ho-Group last year that was used in a land tax assessment.
A judge has criticised the Australian Broadcasting Corporation for “ill advised” redactions in documents produced in a dispute between the producers of the consumer affairs television series The Checkout.
A court has granted a request from Grosvenor Litigation Services, the funder that backed two class actions against Volkswagen over its emissions cheating scandal, to suppress the details of a co-funding agreement with Vannin Capital.
A judge has found that the High Court’s landmark ruling last year blocking common fund orders in the early stages of a class action also barred them from being made at the conclusion of a proceeding, departing from several recent rulings on common fund orders.
Shareholders have appealed a ruling that found a “serious problem” with market-based causation and dismissed three cases against the liquidator of failed global financial services firm Babcock & Brown.
Responding to a class action on behalf of over 250,000 car owners, auto giant Toyota has admitted issues with filters in three of its diesel vehicle models but says drivers who failed to respond to warning lights in their cars could not clam damages for any breaches of quality guarantees.
A judge has dismissed three proceedings by shareholders against the liquidator of failed global financial services firm Babcock & Brown, in a finding that highlights “serious problems” with market-based causation and may have ramifications for securities class actions.