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Judge scolds HSBC for missing deadline to file defence in ASIC scam case
A Federal Court judge has criticised HSBC for failing to comply with court orders in the corporate cop's case alleging the bank failed to protect customers from scams. 
Construction PRO
Qube, developer lose $20M claim against Defence over contaminated land
A Qube unit and a developer have lost their $20 million claim alleging the Department of Defence failed to properly address asbestos contamination on leased land which was redeveloped into a terminal facility in Moorebank. 
Construction PRO
$7M suit over asbestos-tainted mulch in Sydney parks on ice pending criminal pleas
A NSW Supreme Court judge has stayed civil proceedings relating to asbestos-contaminated mulch found in parks across Sydney amid ongoing criminal proceedings.
Construction PRO
AkzoNobel wins partial bid for more docs in ‘complex, massive’ Ichthys LNG case
AkzoNobel has had some success in its late bid to have Japanese oil company INPEX produce documents filed in related proceedings against its insurers in their dispute over allegedly defective coating used on the $45 billion Ichthys natural gas project.
Johnson Winter Slattery picks up Clayton Utz insolvency partner
Johnson Winter Slattery has hired a new partner for the firm's restructuring and insolvency team.
$59M settlement reached in rate-rigging class action against banks
A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.
Construction PRO
Developer wins $200M in challenge to Sydney Metro compulsory land acquisition
Coombes Property Group has been awarded $200 million in compensation for Sydney Metro’s compulsory acquisition of its CBD property, despite contending it was entitled to $430 million.
Private equity expert joins King & Wood Mallesons from Clayton Utz
A specialist private equity lawyer with over 20 years of experience has joined King & Wood Mallesons private capital team as a partner.
ASIC has mixed success in case against family-owned business lender
A business lender that issued personal loans is on the hook for unlicensed credit activity, but ASIC's action against the director has failed, with a judge finding the regulator was "entirely indifferent" to the circumstances of the case.