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Stalled $2B Central Barangaroo development in legal privilege stand-off
Construction 2023-06-30 10:47 pm By Gareth Baker

The NSW government and the former developer of a stalled $2 billion Central Barangaroo development project are headed for a discovery showdown in their $270 million stoush, with both sides fighting to protect what they say are privileged communications.

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NIB wins unpaid loans from Whitecoat developer after $42.5M sale to CBA
Healthcare 2023-06-28 4:02 pm By Gareth Baker

The developer of healthcare directory app Whitecoat must pay health insurer and joint venture partner NIB $1.6 million for loans that were never repaid following the app’s sale to the Commonwealth Bank for $42.5 million in 2021. 

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Racing NSW wins doc bid as it mulls competition case against interstate counterparts
Competition & Consumer Protection 2023-05-31 5:22 pm By Cindy Cameronne

Racing NSW has won access to documents that concern an alleged plan by its Victorian counterpart to exclude it from the thoroughbred racing industry as part of an alleged anti-competitive agreement with four other states.

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Case against Melco Resorts over Bergin inquiry costs raises novel question
Gaming 2023-05-26 11:27 pm By Cindy Cameronne

A court will be asked to decide whether the secrecy provisions of NSW gaming legislation prohibits the state’s casino regulator from using material produced to the Bergin Inquiry in its case against Hong Kong-based Melco Resorts seeking to recover the expense of running the Bergin Inquiry.

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Judge tosses suit over $2M sale of cloud tech provider Experteq
Contracts 2023-05-23 9:32 pm By Sam Matthews

A judge has declined Expert Group’s bid to bring court proceedings about the amount of an earn-out owed under its agreement to sell cloud services provider Experteq IT Services, finding the firm had agreed to resolve the matter by expert determination.

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Lenders of collapsed Arrium lose appeal over directors’ loan drawdowns
Financial Services 2023-05-10 12:23 pm By Sam Matthews

Commonwealth Bank and other lenders of failed steel giant Arrium have lost a second attempt to put two of the company’s directors on the hook for alleged misleading representations on loan drawdown notices ahead of its $2.8 billion collapse.

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Racing Victoria planned agreement to ‘seriously breach’ competition laws, court hears
Competition & Consumer Protection 2023-05-04 11:01 pm By Cindy Cameronne

Racing NSW has accused its Victorian counterpart of planning an anti-competitive agreement with five other states to exclude it from the thoroughbred racing industry, as it seeks documents to bring potential claims.

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NSW government fights bid for transactional documents in Westconnex class action
Class Actions 2023-03-31 4:07 pm By Cindy Cameronne

Transport for NSW has refused to hand over transactional documents related to its $16 billion Westconnex project in a class action over the alleged fraudulent acquisition of land to construct the tunnel in inner western Sydney. 

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Richard Crookes to appeal landmark judgment on SOPA’s availability to insolvent companies
Restructuring & Insolvency 2023-03-21 10:33 pm By Sam Matthews

Construction company Richard Crookes plans to appeal a ruling which found the Security of Payment Act is available to insolvent builders to pursue debts under a deed of company arrangement, despite an amendment to the law preventing construction companies in liquidation from enforcing payment claims.

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Gunns class action settles with KPMG, former directors
Class Actions 2023-03-02 10:57 pm By Cindy Cameronne

A class action against KPMG and nine former Gunns Plantations directors over the failure of six managed investment schemes for eucalyptus wood in Tasmania has settled for a confidential amount, with a judge poised to approve the deal.

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