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A Singapore-listed company that acquired former ASX-listed coal miner Blackgold International is statute-barred from claiming that Blackgold’s former lead auditor should have detected fraudulent transactions in the company’s accounts.
Construction PRO
Melbourne builder Cobild has resolved a lawsuit brought against a developer arguing it must return a $497,000 bank guarantee under a contract to build a $50 million office complex.
Construction PRO
A Toorak developer has been barred from calling on nearly $500,000 in security, with a court finding an allegation against contractor Kronstruct was “irrational and misconceived" and did not result in the alleged $1.6 million loss.
A judge has rejected a bid by Toyota's finance arm to require group members in two class actions to register ahead of mediation to participate in any settlement arising from mediation in the cases.
A judge has ordered oil company Lighthouse to pay further security for costs in its $600 million case against the government of East Timor, a "hard fought contest" he said was unlikely to resolve ahead of trial.
Construction PRO
The co-owners of the Pacific Werribee shopping centre in Victoria have lost their bid to join collapsed builder Probuild’s primary insurer AIG to their case over $356 million in alleged defects.
Construction PRO
The developers of an industrial-chic Melbourne apartment building have won a fight against the building's owners corporation over a lease that allowed Vodafone to store telecommunications equipment on the roof.
Construction PRO
A judge has refused to force the sale of a Footscray property used for logistics services, estimated to be worth $23 million, saying an agreement by the co-owners to sell it by a deadline could no longer be performed.
A judge has awarded carriage of class actions against Hyundai and Kia to Maurice Blackburn after declining to allow a sixth offer by competing firm Banton Group, saying re-bids outside the orderly process of carriage fights must be "carefully assessed".
A law firm fighting for carriage of class actions against Hyundai and Kia has argued competing proceedings with a lower funding rate should not have a leg up, saying the rival firm’s budget was a "fantasy".