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Hutchinson’s ‘monstrous’ claim survives in case over $153M Port Melbourne development
Construction giant Hutchinson has succeeded in bringing claims against a related entity of a Port Melbourne property developer over a $153 million project after alleging the developer was a "company of straw" that had no assets.
Sparke Helmore had paralegal ‘at the helm’ of botched land sale, court told
Law firm Sparke Helmore negligently failed to alert a NSW developer to an imminent deadline for two land sale contracts in a troubled $30 million development because a paralegal, rather than a solicitor, was “at the helm”, an appeals court has heard.
Squirrel Super must pay $55,000 for brochure that inflated real estate returns
Despite previously remarking that the penalty was "a bit light on", a judge has ordered Squirrel Superannuation to pay $55,000 for false and misleading marketing linked to property investment for investors with self-managed superannuation funds.
‘Parlous situation’: Mascot Towers owners file court bid to sell troubled buildings
Owners of Sydney’s Mascot Towers are facing a “parlous situation” as they file an urgent court bid to sell the two buildings after $16 million was spent to repair structural cracks that made the apartments unliveable.
ACCC flags competition concerns with Dye & Durham’s $2.9B bid for Link
The ACCC has raised concerns that Canada-based Dye & Durham's proposed $2.9 billion acquisition of technology services provider Link could harm competition in the market for digital conveyancing services.
CBRE offered to pay $600,000 before winning $20M negligent valuation case
A court has handed CBRE indemnity costs for successfully defending a negligent land valuation lawsuit by defunct fund manager City Pacific after it had offered $600,000 to settle the case.
Property guru Sasha Hopkins converted investor funds into crypto assets, ASIC says
The Australian Securities and Investments Commission has released details of its allegations against embattled property developer Sasha Hopkins, who is the subject of several freezing orders won by the regulator earlier this month.
Merricks Capital sues to stop former exec from working at Switzer-led boutique
Melbourne-based hard assets investment manager Merricks Capital has filed court proceedings to block its ex-managing director and two other former employees from working at a investment boutique run by financial commentator Peter Switzer and his son Marty.
Property developer Sasha Hopkins to face ASIC grilling
Embattled property developer Sasha Hopkins will face a compulsory examination by the Australian Securities and Investments Commission over the activities of his company A Team Property Group.
‘This is not a computer game’: Thomson Geer rails against remote witnesses in negligence case
A judge has allowed three witnesses for HK Realway to give evidence by video link at an upcoming negligence trial against Thomson Geer, over protests from the firm, which said it would be inherently unfair.