Most Recent
Construction PRO
Fight breaks out over $3.5M surplus from Callide administration
IG Energy and former subsidiary IG Power -- now owned by Czech investment firm Sev.en -- are fighting over a $3.5 million surplus from the administration of IG's interest in the Callide Power Station in Queensland.
Construction PRO
Atlantic Nickel wins appeal in mining company’s $1B case
The receiver for Brazilian mining company Atlantic Nickel has prevailed in a second attempt to stay a case by Mining Services International, which brought a $1 billion claim over a terminated sale of a mine in Santa Rica.
In High Court case, ASIC reminds justices litigants can’t ‘choose their judges’
A judge did not need to recuse himself from deciding the penalty in ASIC's case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.
Nuix must foot $20M in legal bills given ‘notorious’ costs of securities class actions: judge
Nuix is on the hook for $20 million before its insurers will cover its legal bills for suits over its $1.8 billion float, with a judge saying there was a good reason for the significant retention given the “notorious” expense of securities class actions.
Sunshine Loans’ case over judge’s recusal to be heard by High Court
The High Court will hear an appeal by Sunshine Loans, which centres on a judge's recusal in the corporate regulator's case over unauthorised fees.
ASIC’s appeal in case against Auto & General rejected as ‘inherently contradictory’
An appeals court has dismissed the corporate regulator's "logically inconsistent" appeal against a landmark decision that found insurer Auto & General did not include an unfair term in its contracts.
Court won’t bless Strongroom AI’s sale ahead of creditors meeting
Medtech start-up Strongroom AI has lost its bid for a court order blessing its proposal to sell the company to SRSPV Pty Ltd prior to a second creditors meeting.
Construction PRO
Court approves Sev.en-funded recapitalisation of Callide power station
The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
Judge ‘happy to let ASIC flounder’ in FIIG cyber enforcement case
A judge has lambasted the corporate regulator’s decision to yield to FIIG Securities’ pleadings demands in its sophomore cyber enforcement case, but said he was “happy to let ASIC flounder” if it would not put up a fight.
Construction PRO
Major projects, subcontractors could be ‘imperiled’ if Roberts Co Victoria was liquidated: judge
A judge has given the Victorian unit of Roberts Co more time to put forward a deed of company arrangement that would save the builder from liquidation, noting liquidation could imperil its projects and subcontractors, who could not bring claims under the SOP Act if it was insolvent.