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Construction PRO
Villawood wants director’s daughters added to fraud suit over Wallan development
Developer Villawood wants to add its director’s three daughters to its case over an alleged “dishonest and fraudulent design” to divert valuable management fees for a project in Wallan, Victoria to the director’s family company.
Construction PRO
Mills Oakley solicitor used by client in attempt to mislead court, judge finds
A director at property developer Villawood can't shield instructions given to his Mills Oakley solicitor after a judge found he sought to use his lawyer to mislead the court.
Construction PRO
PE firm on hook for $12.5M in dispute over copper mine share sale
Private equity firm EMR Capital has been ordered to pay $12.5 million under a controversial share sales agreement for a Queensland copper mine.
Deloitte appointed administrators of Keystone despite ‘baggage’
A judge has ruled that two Deloitte partners can act as administrators for embattled wealth manager Keystone, replacing two voluntary administrators from KordaMentha, despite an alleged risk of conflict due to past work for the company.
Receivers appointed to Keystone fund amid ‘grave concerns’ over $160M transactions
ASIC has won its bid to appoint receivers to a managed investment scheme run by Keystone Asset Management after expressing "grave concerns" that investor funds were used to pay sports stars and buy a $4.3 million home for its former director.
‘We’re not King & Wood Mallesons’ excuse doesn’t wash in bid to revive $400M suit
A judge has rebuffed a developer’s bid to revive a $400 million lawsuit against an investor after it failed to comply with a guillotine order, saying it was not an adequate explanation that the firm of solicitors acting for it lacked the resources of the defendant’s Big Six outfit. 
Garuda Airlines immune from creditor’s winding up bid, High Court says
The High Court has dismissed an appeal of a decision which found Indonesia's national airline could avail itself of foreign state immunity to defeat a winding up application.
Mawhinney must pay $1.3M to continue suit against McGrathNicol receivers
Mayfair 101 founder James Mawhinney must pay $1.3 million in security within six weeks or a case brought on behalf of his property management group Mainland against a lender and two McGrathNichol receivers will be thrown out. 
Despite conflicts, ASIC loses fight over insolvency partners’ remuneration
Two former Ferrier Hodgson partners had conflicts of interest when they accepted appointments as administrators of a failed pig farm operation, an appeals court has found, but their remuneration won't take a hit as a result.
Barrister who repped Mawhinney can act against him, but not in settlement talks
A senior barrister who represented Mayfair 101 founder James Mawhinney in mediation of two cases last year has been allowed to appear against him at a hearing in another dispute against a lender and two McGrathNicol receivers, but the silk won’t participate in settlement talks.