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Construction PRO
Receiver wins court orders over Sydney properties of Dyldam director
A judge has ordered the sales proceeds of Western Sydney properties linked to former Dyldam director Sam Fayad to be paid into court, saying there was an arguable case that the sales were intended to defraud creditors.
Construction PRO
Lifestyle wins stay of VCAT orders finding exit fees unenforceable
Retirement village operator Lifestyle Communities has secured a reprieve from a ruling that found its exit fee policy was unenforceable, but has said it won't spend the funds it collects while the stay is in place.
Construction PRO
iProsperity liquidators pursue Crown for $55M in gambling losses
The liquidators of iProsperity Group want Crown to repay $55 million in company funds they say were gambled away by the real estate funds manager's directors.
Construction PRO
Engineering firm Daracon loses fight to expand NSW quarry
NSW engineering firm Daracon Group has failed to overturn a state independent planning commission’s decision which rejected its plan to expand a hard rock quarry in the Hunter Region.
Quintis class action says disclosure-linked share price drop ‘common sense’
The judge who tossed a class action by Quintis' shareholders should have found a restatement of assets would have materially affected the sandalwood company's share price "as a matter of common sense", a court has been told.
Bulldogs can’t escape jury trial in second fan abuse case
The Western Bulldogs football club has lost its bid to avoid a jury trial in a second lawsuit by a fan alleging he was sexually abused as a boy by a club volunteer in the 1980s.
Class action probe claims $1B ‘wipeout’ from Keystone, Falcon funds
A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of "catastrophic" losses.
ASIC loses appeal in crypto case against Finder
The Full Court has rejected ASIC's appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money. 
Westpac can shield Allens docs in money laundering class action
Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.
Construction PRO
Werribee shopping centre wants AIG, others added to $356M suit against Probuild
The co-owners of the Pacific Werribee shopping centre in Victoria are seeking to join collapsed builder Probuild’s primary insurer AIG and several excess insurers to their case over $356 million in alleged defects.