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Construction PRO
A billionaire Chinese property developer who has been exiled from Australia owes nearly $30 million to an investor who sank $20 million into the Eastwood Shopping Centre, which the developer sold for $155 million in 2021.
Construction PRO
A Dentons client that paid $45 million for an 82-hectare Denham Court property that was only worth $10.8 million, in what a judge called a "brazen fraud", has sued the law firm for professional negligence.
Construction PRO
A judge has refused a bid by the director of property developer Vantager to stay orders to sell his property while he appeals a decision finding him liable for a “brazen fraud” after a $45 million sale was negotiated for a Denham Court property that was only worth $10.8 million.
Two former employees of financial services firm Monarch Advisory have lost their appeal of a $270,000 damages award after they were found to have breached a non-compete agreement.
Construction PRO
Developer Vantager has been ordered to sell off six properties to satisfy a judgment debt and compensate buyers who overpaid for a Denham Court property by more than $34 million due to what the court called the developer's "brazen fraud and dishonesty".
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 former employees of financial services firm Monarch Advisory have appealed a ruling that awarded their former employer $270,000 in damages after they were found to have breached a non-compete agreement.
Financial services firm Monarch Advisory Group has won over $270,000 in damages after two employees who started a new business were found to have breached restraint clauses in their contracts.