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The Australian Competition and Consumer Commission has asked the Federal Court to hit We Buy Houses and its owner Richard 'Rick' Otton with $20 million in penalties for duping aspiring property investors with claims that they would learn how to buy a home for $1.
A judge on Wednesday refused a bid by Australian mortgage aggregator Connective Group to put on hold a derivative lawsuit by a shareholder against the company's bigwigs over the sale of 25 percent of the business to Macquarie Bank, saying there were no special circumstances justifying a stay.
DibbsBarker is closing its doors after signing a deal that will see 17 partners and support staff move to Dentons, the world's largest firm.
Fairfax Media has lost a bid to stop online property advertising company REA Group from trademarking its web address realestate.com.au.
Myer and its law firm Clayton Utz have won a ruling from the Supreme Court of Victoria ordering the department store's landlords at Chadstone Shopping Centre to pay its full legal bill after it won a multi-million dollar dispute over the terms of their lease.