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Provisional liquidators appointed to Melbourne developer Lion Property
Construction 2025-07-04 11:59 pm By Julia Kanapathippillai

A court has appointed provisional liquidators to Melbourne developer Lion Property Group after hearing that $120 million of investor money was not properly accounted for.

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Builder says owners having ‘tantrum’ in spat over Maroubra complex
Construction 2025-07-04 11:39 pm By Christine Caulfield

A defects case over an apartment complex in the Sydney beachside suburb of Maroubra has turned ugly, with a lawyer for the builder accusing the owners corporation of having a “tantrum”.

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Till Payments can’t fight ‘royal commission’-style doc bid over capital raise claims
Fintech 2025-07-03 11:48 pm By Andy Sidler

Investors in Till Payments have won discovery for a possible suit over $43 million in alleged losses suffered after it was sold for just $47 million following a $200 million capital raise, with a judge rejecting arguments that the bid amounted to a royal commission. 

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Debt management firm still MIA as ASIC trial looms
ASIC 2025-07-03 11:59 pm By Andy Sidler

A judge has said an 11-day trial in ASIC’s case against Solve My Debt Now will go ahead in December despite a third set of solicitors ceasing to act and no sign that the debt management firm will put on evidence. 

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Ord Minnett wins appeal in fight with wealth advisor over wage entitlements
Employment 2025-07-04 11:28 pm By Cindy Cameronne

Stockbroking firm Ord Minnett has overturned a judgment finding it owed years of wages and other entitlements to a wealth adviser who was only paid in commissions.

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Walter Sofronoff can challenge Integrity Commission report
Public Corruption 2025-07-02 11:55 pm By Andy Sidler

A judge has ruled that Walter Sofronoff KC can rely on a report on his inquiry into the prosecution of Bruce Lehrmann in his case challenging the ACT Integrity Commission’s findings that he engaged in corrupt conduct. 

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ASIC wins travel restrictions against Falcon Capital directors amid probe
Financial Services 2025-07-02 11:05 pm By Julia Kanapathippillai

The corporate regulator has secured travel restrictions and freezing orders against two directors of Falcon Capital as part of its investigation into its managed investment fund.

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Despite ‘unease’ over legal costs, judge approves $1.3M class action settlement
Class Actions 2025-07-01 11:55 pm By Sam Matthews

A judge has approved a $1.3 million settlement in a class action by investors in a Melbourne apartment development, despite reservations about the lion’s share going to the law firm that brought the case.

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Construction PRO
Aqualand luxury tower loses challenge to $10.6M asset freeze
Construction 2025-07-02 11:55 pm By Andy Sidler

A luxury Aqualand development in Milsons Point can’t undo a $10.6 million freezing order granted to the owners corporation to address the risk that funds would be unavailable to meet its claim for damages to remedy alleged defects. 

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Fortrend sues Shaw pair again, this time over payment demands
Employment 2025-07-01 11:33 pm By Christine Caulfield

Two Shaw & Partners advisers who won $580,000 in penalties and compensation against former employer Fortrend Securities face fresh litigation seeking to quash their demands for payment.

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