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An appeals court has found that a judge misapprehended the Evidence Act by saying the legal team in a dispute over $100 million in land may be complicit in obtaining evidence unlawfully, and that there was no need for the lawyers to withdraw from the case.
Construction PRO
An appeals court has found that a judge misapprehended the Evidence Act by saying the legal team in a dispute over $100 million in land may be complicit in obtaining evidence unlawfully, and that there was no need for the lawyers to withdraw from the case.
The corporate cop is challenging a decision that tossed its breach of duty claims against three Regional Express board members over the company's continuous disclosure failures.
A judge has appointed receivers to defence contractor Lanmar following a dispute between its directors, two of whom relied in part on ChatGPT advice on how to remove a fellow director from involvement in the business.
Construction PRO
A court has heard that the CEO of collapsed developer Crown Group and an associated company owe $12 million in the company's liquidation.
Construction PRO
The liquidators of the Tahmoor coal mine in NSW, formerly owned by Sanjeev Gupta’s GFG Alliance, have lost their bid to disclaim a royalties deed in favour of former owner Glencore, with a judge finding it was not an “unprofitable contract”.
ASIC may reconsider its approach to claims against non-executive directors after failing to prove that three NEDs of Rex had actual knowledge that the failed budget airline did not have a reasonable basis for a rosy profit forecast, experts told Lawyerly.
ASIC has won its case alleging Regional Express failed to correct an optimistic forecast before it entered administration last year, but failed to prove the company's optimism conveyed a "likelihood" or that three non-executive directors had actual knowledge of the collapsed budget airline's declining business.
Construction PRO
The liquidators of a NSW coal mine formerly owned by Sanjeev Gupta’s GFG Alliance have applied to the court to disclaim a deed under which GFG paid handsome royalties to former owner Glencore.
Kicking off its appeal of a finding that it couldn't walk away from a $672 million merger agreement with Mayne Pharma, US drug company Cosette has told a court that Mayne was not upfront about its financial position prior to the deal.