Industries

A receiver for collapsed developer Crown Group has sold the Sky Suites Sydney Hotel for a reported $68 million to a Singapore-based company.

Investors in Till Payments have won discovery for a possible suit over $43 million in alleged losses suffered after it was sold for just $47 million following a $200 million capital raise, with a judge rejecting arguments that the bid amounted to a royal commission. 

Mastercard has pushed back on the ACCC's argument that it waived privilege over communications with lawyers, saying it would "take the law of waiver to a place it has never been before".

AMP is facing a new class action alleging certain superannuation fund members were hit with inflated premiums over a five-year period, after arguing a similar matter was "in search of a case" more than four years after being filed. 

Real estate fund manager Dexus has sued wealth management firm AMP following a decision forcing it to sell its half of the $1.7 billion Macquarie Shopping Centre.

AUSTRAC has ordered an external audit of international funds company Western Union after sounding the alarm about its compliance with anti-money laundering regulations. 

US private equity firm KKR will acquire agriculture infrastructure firm ProTen from superfund Aware Super, in a deal valued at around $1.3 billion.

A luxury Aqualand development in Milsons Point can't undo a $10.6 million freezing order granted to the owners corporation to address the risk that funds would be unavailable to meet its claim for damages to remedy alleged defects. 

Fund manager Realside and other leaseholders have launched proceedings against M3Property and a valuer, alleging tenants of Rundle Mall in Adelaide have been overcharged for rent since 2006 as a result of consistently flawed valuations. 

US biotech company Regeneron Pharmaceuticals has sued Sandoz, claiming it is threatening to infringe the patent for its Eylea biologic, used to treat macular degeneration and diabetic macular oedema.