US investment firm Stonepeak will acquire a 40 per cent interest in Woodside’s Louisiana liquefied natural gas project, in a deal worth $5.7 billion.
The fact that at least three funders are open to backing a franchisee class action against United Petroleum should doom the class action’s opposition to the petrol chain’s bid for $2.3 million in security, a court has heard.
A judge has thrown out Clive Palmer’s lawsuits against former Australian Securities and Investments Commission chair James Shipton after finding the claims had no reasonable prospects of success.
A Dexus property fund has argued that a judge went the “wrong way” in deciding that it was forced to sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail.
AUSTRAC has sought to suppress parts of its case against the operator of online gambling sites Ladbrokes and Neds, arguing the information should not get into the hands of criminals.
Another fight over an $87 million mixed-use Canberra development may be on the cards, after the project’s liquidators won approval to assign potential claims against WSP and builder Construction Control over alleged stitch bolt defects.
General Motors has defeated a class action by Australian car dealers over its decision to retire the Holden brand, with a judge finding the car maker did not breach its agreements.
An ANZ client who alleges an investment advisor accessed her private banking records has been ordered to replead her case.
On questioning by a judge, Star’s former top lawyer has denied making a mistake by failing to tell the board about issues with junket Suncity in May 2018, but said her view was different now with hindsight.
During trial on Monday, ASIC also accused Star’s former top lawyer of giving false evidence about alleged cash for chip transactions in junket operator Suncity’s VIP room.