Industries

Dexus' decision to resist an undertaking as part of a deal to temporarily block the compulsory sale of its shares in airport operator APAC has been criticised by a judge for resulting in an "appalling waste" of time and money.

Credit Suisse is fighting a bid for access to Deloitte reports commissioned by a Swiss law firm and advice from Linklaters, in litigation against insurers over the collapse of supply chain finance company Greensill Capital. 

Developer Emag Apartments has secured court approval for a nine-storey, 16-unit residential building just minutes from Sydney Airport after amending its proposal during a conciliation with Bayside Council.

Deutsche Bank has copped a $2 million fine for misreporting more than 260,000 over-the-counter derivatives transactions over a period of more than 200 business days.

The corporate regulator has expanded its case against Resimac that accuses the home loan manager of breaching its fairness obligations as a credit licensee towards customers who filed hardship applications.

NextDC has increased its senior debt facilities by $500 million to help finance the data centre operator's  growth pipeline.

A former director of defunct developer Maxcon Developments and his family members have lost a bid to set aside examination orders, with a judge rejecting their argument that the ATO was using the examinations as a “dry run” for other claims.

Software company Dubber has failed in a bid to stay its case against BDO Audit pending the outcome of ASIC's action against the auditor, with a judge ordering discovery to proceed before the litigation is put on ice.

The corporate regulator has told a court it has little hope for success in mediation in its case over SQM Research's positive reports on the failed Shield fund.

Builder LU Simon has brought cross-claims against the architect, building surveyor and cladding subcontractor that were involved in the construction of three Fitzroy apartment buildings fitted with combustible cladding.