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ASIC has lost its appeal of a failed bid to strike out of parts of mining magnate Clive Palmer’s claim that he was subject to an unlawful examination by the regulator, with a judge finding the pleading properly identified the ASIC officers involved.
Construction PRO
A judge has dismissed a bid to vacate an upcoming hearing in a dispute between two former directors of Golden Gate Property Group over a Carver's Reach development.
A judge has imposed a $1.55 million penalty on car finance lender Money3 in ASIC's action alleging breaches of responsible lending obligations, criticising the regulator again for its "sprawling" case.
Construction PRO
The operator of a 4,000-space car park at the Grand Central shopping centre in Toowoomba, which is part of a $500 million redevelopment, has lost its fight with the tax office over fringe tax related to employee parking.
The Full Court has found an employee of e-commerce merchandise importer New Aim breached his duty of confidence by providing contact details of the company's suppliers, stored on WeChat on his personal phone, to a competitor.
Mastercard has lost its challenge to a ruling requiring it to hand over communications about agreements with retailers in a misuse of market power case brought by the competition regulator.
Construction PRO
A judge has remarked that the counsel fee rate guide is now 13 years out of date and no longer serves its purpose, in a ruling ordering $1.5 million in costs against Golden Eagle Property Group.
Super fund HUB24, which rejected the now collapsed First Guardian fund as an investment for members, can protect its due diligence process from getting into the hands of rival Diversa, whose members weren't so lucky.
A judge has stayed Clive Palmer’s case against the corporate watchdog until a criminal case against him is complete, expressing concerns about the factual overlap between the two matters.
Construction PRO
The judge overseeing a case by the liquidators of real estate investment firm Global Capital Property Fund won't allow two GCPF directors to appear on behalf of related companies named in the case, saying they would not be able to act “independently and objectively”.