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The Gosford developer remains locked out of $37M judgment against Chinese builder
Construction 2025-05-06 11:28 pm By Julia Kanapathippillai

A stay of a $37 million 2023 judgment in favour of the company behind an abandoned $185 million development in Gosford NSW against the Australian arm of China’s Shanxi Construction Investment Group has been extended.

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Court approves Sev.en-funded recapitalisation of Callide power station
Construction 2025-04-28 11:17 pm By Andy Sidler

The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.

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ASIC secures winding up orders against Falcon Capital
ASIC 2025-04-15 2:54 pm By Andy Sidler

ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors. 

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Judge wants more than ‘bland’ claim of defects in Hyundai, Kia class actions
Class Actions 2025-04-10 1:32 pm By Christine Caulfield

Class actions against Hyundai and Kia say they need a third round of document discovery, two years into the cases, but a judge has said the applicants should first detail the alleged engine defects at issue.

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High Court won’t take up Gunns creditor’s fight with liquidators
Restructuring & Insolvency 2025-04-10 11:20 am By Cat Fredenburgh

The High Court won’t hear an appeal by a creditor of collapsed forestry giant Gunns Plantations seeking to toss winding up proceedings brought after it failed to pay back $1.2 million in unfair preferences. 

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Allianz’s $170M class action settlement OK’d, law firms to pocket $42.5M
Class Actions 2025-04-02 9:56 am By Christine Caulfield

A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.

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JB Asset Management wins back funds from failed $395M development deal
Real Estate 2025-04-03 11:05 pm By Sam Matthews

JB Asset Management has clawed back $3 million from a scuttled real estate deal involving LBA Capital, almost a year after LBA’s director was jailed for fraud.

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United Petroleum wins lease dispute over ‘crater-size’ potholes
Construction 2025-03-26 1:25 pm By Julia Kanapathippillai

United Petroleum has successfully sued the landlords of one of its petrol stations for failing to pay for repairs to potholes described as “more like large craters”.

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Judge shoots down Crown Group director’s objection to $500,000 payments
Construction 2025-03-18 11:14 pm By Andy Sidler

A judge has found the liquidators for collapsed developer Crown Group would be justified in making $500,000 in payments to related companies Quay Group and Westport, over objections from a director that he was not consulted on a solicitor’s retainer.

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Mitsubishi wins bid to shield fuel consumption probe from class action
Class Actions 2025-03-17 11:40 am By Sam Matthews

A judge has accepted Mitsubishi’s argument that an investigation into the fuel consumption of its Triton cars is protected by litigation privilege and should not be handed over to a class action.

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