Industries

Liquidators appointed by the court to five companies behind $130 million worth of construction projects in Brisbane have won more time to bring potential claims while they investigate several matters, including an allegedly “very odd” tax situation.

A judge won't force alternative banking provider Banking Circle Australia to continue providing services to fintech Bano, finding the platform faced a real risk of breaching anti-money laundering and counterterrorism financing laws if the relationship continued.

An appeals court has relaxed freezing orders against Sydney property developer Golden Rain, allowing it to sell property to repay its debts while it defends a $26 million defects claim by the owners corporation of the Sugarcube Apartments and Honeycomb Terraces developments.

Shell is facing $30 million arbitration proceedings from Indian renewables company Sterling and Wilson Renewable Energy stemming from agreements to construct and operate the Gangarri solar farm in Queensland.

Coles has asked the Australian Competition Tribunal to allow its proposed acquisition of a leasehold interest in a supermarket and liquor store site in Kalgoorlie to go ahead, saying the ACCC's determination "may have broader implications for future supermarket developments under the new merger regime".

A judge has approved a $120 million settlement in a class action against AMP that followed the banking royal commission, saying while it was a “very disappointing outcome” for group members it was still fair and reasonable.

So-called trap calls to suspected intellectual property violators should not be made by solicitors, a judge has said, referring to two phone calls by a lawyer acting for a Queensland pool company in a trade mark dispute.

A class action on behalf of 32,000 ALDI workers who were allegedly denied pay for pre- and post-shift work has settled for $55 million, with the retail workers union set to receive $1.5 million towards its costs.

Dexus has dragged five of its insurers to court seeking indemnity for more than $16.5 million in remediation costs stemming from alleged defects in the waterproofing system that was installed as part of the $150 million redevelopment of Sydney's MLC Centre.

ASIC's Markets Disciplinary Panel has slapped NAB broker WealthHub Securities with a $1.055 million fine for failing to accurately report regulatory data.