Industries

The company that paid $60 million for bankrupt Jon Adgemis' Noah's Backpackers hotel in Bondi Beach has been ordered to cough up $6 million in GST refunds to a Singapore special purpose vehicle that arranged a loan for the purchase.

A judge has awarded investment firm Merricks Capital $46 million in its lawsuit against tech entrepreneur Peter Crown and his wife over a loan to purchase land in the Southern Highlands.

The NSW Land and Environment Court has rejected a bid to temporararily block developer Clarence Property from building artificial frog ponds in Brunswick Heads as part of a 123-lot residential development.

A real estate partner who specialises in advising on residential developments has left Colin Biggers & Paisley for Maddocks.

Two law firms will battle for carriage of a shareholder class action against hearing device manufacturer Cochlear, a court has heard. 

Digital giant Meta faces a class action in the Federal Court after the company's multibillion-dollar settlement in the US over harms caused by its social media platforms – the first Australian class action of its kind.

In a change of heart, a judge has appointed two barristers to act as contradictors in argument over the funder's proposed $244 million cut of a record $750 million settlement in two Toyota class actions.

Cipla Australia wants an undertaking it intends to give pharma company Actelion over plans to launch a generic version of a blood pressure drug to be shielded from rivals Arrotex, Nova Pharmaceuticals and MSN Laboratories, as those companies battle patent infringement claims. 

Arrotex has secured an exclusive licence to sell Sydney-based biotech Recce Pharmaceuticals’ experimental diabetic foot infection treatment in Australia and New Zealand.

Law firms are moving away from time-based billing to other pricing models with the advent of generative AI, according to an expert, and the shift could help junior lawyers retain critical skills.