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SMBC can’t access King & Wood Mallesons docs in $34M case against Humm
Financial Services 2025-05-08 11:00 pm By Christine Caulfield

SMBC has lost a bid for documents connected to King & Wood Mallesons opinions in its suit against fintech Humm linked to the Forum Finance fraud, with a court saying the Japanese bank did not share joint privilege over the material.

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Keybridge CEO Nick Bolton loses challenge to removal by board
Restructuring & Insolvency 2025-05-08 11:33 pm By Andy Sidler

An appeals court has rejected Keybridge CEO Nick Bolton’s challenge to a ruling that found that he and two other directors were validly removed at a board meeting, finding in favour of shareholder WAM Active. 

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Final deadline for Shangri-La director’s evidence in Victoria cladding case
Construction 2025-05-09 11:18 pm By Christine Caulfield

The director of collapsed Shangri-La Construction has been hit with self-executing orders to file evidence in Victoria’s case over alleged combustible cladding on a Melbourne building, after unexplained delays.

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Wind farm asks High Court to toss ‘unwise’ ruling on $21M payments to GE, Elecnor
Appeals 2025-05-09 11:04 pm By Andy Sidler

The High Court has been asked to weigh in on whether issue and Anshun estoppel apply to SOP Act claims, with a South Australian wind farm seeking to overturn a ruling ordering it to make a $21 million progress payment to joint venture partners GE Renewable Energy and Elecnor.

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NSW green lights 10 projects to connect to renewable energy zone
Energy & Natural Resources 2025-05-09 11:59 pm By Cat Fredenburgh

NSW has approved 10 renewable energy projects to connect to the state’s first renewable energy zone.

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Sydney Roosters buys Paddington co-living apartment block
Real Estate 2025-05-09 11:30 pm By Julia Kanapathippillai

Rugby team the Sydney Roosters has purchased a 26-room UKO co-living apartment block in Paddington in Sydney’s east.

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Centuria picks up $33M Melbourne warehouse for last mile logistics partner
Real Estate 2025-05-09 11:27 pm By Julia Kanapathippillai

Real estate funds manager Centuria has acquired a $33 million warehouse in Melbourne’s west, as part of its partnership with US private investment firm Starwood Capital.

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ISPT buys Woolworths-anchored North Shore Marketplace
Real Estate 2025-05-09 11:44 pm By Andy Sidler

Property investor ISPT has snapped up a 2.9 hectare shopping plaza in the Townsville suburb of Burdell, anticipating major growth in the area.  On Thursday ISPT announced it had acquired Woolworths-anchored shopping precinct North Shore Marketplace from property fund manager Clarence Property, in an off-market deal through its retail property trust, IRAPT. ISPT fund manager…

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Court orders HCF to pay $750K for misleading life insurance term
Insurance 2025-05-08 11:44 pm By Julia Kanapathippillai

HCF Life insurance has been hit with a $750,000 penalty for including a pre-existing condition term in a life insurance policy, which a judge found was likely to mislead.

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CBA shareholder class actions score partial win on appeal, but no damages
Class Actions 2025-05-07 5:25 pm By Cindy Cameronne

Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.

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