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Construction PRO
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.
A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
Venture capital fund EVP has secured a $10.4 million freezing order against pharmacy software start-up StrongRoom AI, after the company went into administration last week.
Payday lender Sunshine Loans has lost an appeal after it was ruled liable for “wrongheaded” conduct, with an appeals court finding that counsel showed an “egregious failure” to confine the case to the real issues.
The judge who approved a $2.4 million settlement in a class action against Carnival said it should be regarded as a victory that cruise passengers got anything, when the case was pleaded at an "unsustainably high level".
Construction PRO
The administrators for the operator of the Callide power station have won extra time to convene a second creditors meeting after the court heard they may soon be able to put to rest a series of complex disputes over the Queensland power station.
A court has signed off on a $2.4 million settlement in a class action against Carnival over a seven-day South Pacific voyage that sailed into a Category 5 cyclone.
The Full Court has found insurer Allianz is not liable to indemnify the Uniting Church for historic claims of sexual abuse at exclusive Sydney boys’ private school Knox Grammar.
Power company Callide has been hit with a $9 million penalty for “very serious” contraventions of the National Electricity Rules that led to an explosion at a coal-fired power station.
The Kingdom of Spain must pay $56,000 in security to bring its challenge in a long-running dispute over whether it must pay a $200 million arbitral award to two renewable energy investors.