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Penalty proceedings in ASIC's case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial.
Construction PRO
The owner of Seasons of Perth Hotel has notched a partial victory in its fight with construction company Reward Group over performance bonds.
Defunct education provider Captain Cook College and its parent company have been penalised over $30 million for enrolling thousands of vulnerable students who accrued $60 million in debt.
Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation.
Construction PRO
Challenging an $8.5 million adjudication on a payment claim that sought over $30 million from developer VSD Investments, construction company Builtcom says it is effectively "disabled" from recovery of progress payments.
A judge has denied Austin Engineering’s bid for a $210,000 freezing order against a former sales representative, with a judge finding there was an arguable claim for breach of confidence but no evidence of a claim to more than nominal damages.
A judge has refused to allow four people to join a closed class action brought on behalf of certain people who were detained at two infamous immigration detention centres in South Australia.
Downer EDI subsidiary Spotless has rejected allegations it engaged in price-fixing with Ventia on defence contracts, saying the facilities services companies were not in competition with each other.
A judge has said Sydney firm Atanskovic Hartnell’s garnishee order was “entirely unacceptable” in a long-running fee fight with its former client, a company owned by media mogul Bruce Gordon.
Construction PRO
It lost its bid in the NSW Supreme Court to withhold a payment claim from the builder of a 30-storey project in Sydney pending an appeal, now developer VSD Investments has asked an appeals court to halt payment.