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Quasar Constructions-linked company must disclose assets to liquidators
Construction 2025-09-05 11:22 pm By Julia Kanapathippillai

An entity associated with James Crawford, the director of defunct Sydney builder Quasar Constructions, has been ordered to disclose all of its assets to the company’s liquidators as they look to track down funds from the sale of properties.

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Construction PRO
Court blocks examinations over Ray White loans to failed developer
Real Estate 2025-09-01 11:05 pm By Cindy Cameronne

Ray White has secured a stay of examinations of its employees, as a creditor of FSM Development investigates claims the real estate agency’s loan agreement with the collapsed Sydney developer was uncommercial.

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Trial over Cosette’s termination of $672M Mayne Pharma merger delayed
Trials 2025-08-08 11:58 pm By Andy Sidler

Mayne Pharma and US drug maker Cosette have agreed to postpone the start of trial in a case over the termination of a $672 million merger to allow for late amendments.

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Banksia receiver wants release from new case, gets interim injunction
Class Actions 2025-07-31 11:35 pm By Christine Caulfield

The receiver for failed Banksia Securities wants a release from claims stemming from his role, including a case by investors who lost their life savings only to be duped by the class action team that represented them.

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Nicholas Bolton loses appeal over Yowie board spill
Appeals 2025-07-30 11:58 pm By Cindy Cameronne

Nicholas Bolton has lost his challenge to Keybridge Capital’s move to remove him from the board of confectionary group Yowie, after he was found to have been validly removed as the CEO of Keybridge in March. 

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Banksia class action members launch case against Arnold Bloch Leibler, partner
Business of Law 2025-07-18 11:50 pm By Christine Caulfield

Arnold Bloch Leibler and a litigation partner at the law firm are among defendants named in a new case for their representation of the mastermind behind the scandal-ridden Banksia Securities class action.

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Judge OKs Banksia receiver’s $10M deal with Mark Elliott estate, notes perversity of trust law
Class Actions 2025-07-07 11:53 pm By Cindy Cameronne

A judge has given the greenlight to a $10 million settlement with entities linked to late solicitor and Banksia class action mastermind Mark Elliott, noting the “perverse” difficulty of recovering more of the $70 million in assets held on trust.

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Banksia mastermind to pay $10M to group members, despite $70M in assets
Class Actions 2025-06-26 11:41 pm By Cindy Cameronne

Entities linked to the late solicitor Mark Elliott are set to pay $10 million to settle claims by Banksia class action members, despite a related company owning $70 million on trust, a court has heard. 

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Banksia receiver mulls release bid from case by class action members
Class Actions 2025-05-28 11:13 pm By Christine Caulfield

The receiver appointed a decade ago to claw back money for investors in failed Banksia Securities might seek the protection of a court order releasing him from proposed new proceedings, which would also target lawyers alleged to have breached their overarching obligations.

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Construction PRO
Lenders for Bondi Junction property lose bid for break fee, KWM’s fees
Real Estate 2025-05-05 11:55 pm By Cat Fredenburgh

Lender WholeCap has lost its bid for a “break fee” and $430,000 in legal costs billed by King & Wood Mallesons associated with a term sheet for a proposed $66.1 million loan to a Harbour Land entity.

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