A law firm has reached a settlement with the lender of a property development in North Melbourne, paying $1 million to resolve claims it was negligent in preparing a loan agreement.
Investment manager Merricks Capital has resolved its case against a former managing director and two employees, who left the firm for a boutique run by financial commentator Peter Switzer and his son, Marty.
Lander & Rogers has lured away a Gadens veteran to bolster its real estate practice in Brisbane.
A judge has rebuffed a developer’s bid to revive a $400 million lawsuit against an investor after it failed to comply with a guillotine order, saying it was not an adequate explanation that the firm of solicitors acting for it lacked the resources of the defendant’s Big Six outfit.
A unit of petrol store chain EG Australia has sued Ashurst and LegalVision alleging they breached their implied duty of care through advice given to Woolworths about the assignment of a disputed Sydney petrol station lease.
Lendlease’s plan to sell a portfolio of residential community projects to Stockland for $1.3 billion has raised concerns for the ACCC, which worries the transaction may substantially lessen competition in the supply of residential masterplanned community housing lots in four regions.
K&L Gates has lured three partners from rival firms to bolster its corporate, IP and real estate offerings across the country, including a former principal of Davies Collison Cave.
Westpac subsidiary RAMS has flagged a cross-claim against disgruntled franchisees who say their agreements were terminated without proper cause, citing possible breaches of the National Credit Act.
A class action over the Victorian government’s decision to retire Melbourne’s high rise public housing towers has agreed to drop claims against the state of Victoria and the minister for housing after a judge threw out the claims but allowed the class action to replead.
The High Court has been asked to weigh in on whether a client needs to prove it could have exploited a lost commercial right in order to prevail in a law firm negligence case, after HWL Ebsworth successfully appealed a decision that found its bad advice over property in Parramatta’s ‘Auto Alley’ cost a client $2 million.