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SkyCity investor wants to sue execs to recoup $67M penalty
A SkyCity shareholder is seeking leave to launch a case against former executives and directors for their alleged role in the mismanagement of the casino's money laundering risk, which last year resulted in a $67 million penalty.
Construction PRO
HWL Ebsworth boosts development expertise with acquisition of boutique
HWL Ebsworth has acquired Adelaide law firm Botten Levinson Lawyers, boosting the firm's environment and development law offering in the region.
In ANZ class action, court approves third settlement GCO without altering rate
In the third decision approving an unaltered group costs order at the resolution of a class action, a judge has OK'd an $85 million settlement by ANZ, representing a $21 million payday for Maurice Blackburn.
Construction PRO
Court finds bar on anti-competitive contracts doesn’t apply to land
A judge hearing a dispute over a lot in Victoria's Merrifield Business Park has found that the Competition and Consumer Act's bar on contracts that substantially lessen competition does not apply to a market in land.
Public court lists not ‘free for all’, tribunal says in privacy loss for publisher
A tribunal has found a company that scrapes court databases broke privacy laws by failing to remove a litigant's name after charges against her were dropped, saying the public nature of court lists doesn't make republication a “free for all”.
Judge OKs Banksia receiver’s $10M deal with Mark Elliott estate, notes perversity of trust law
A judge has given the greenlight to a $10 million settlement with entities linked to late solicitor and Banksia class action mastermind Mark Elliott, noting the “perverse” difficulty of recovering more of the $70 million in assets held on trust.
Baker McKenzie grows banking practice with Norton Rose partner
Baker McKenzie has poached a banking and finance partner from Norton Rose Fulbright.
Construction PRO
Court hears of accounts ‘oddities’ as trial against Dyldam directors begins
A liquidator has opened his case over the alleged misuse of funds by now defunct Dyldam Developments, as the court hears of “oddities” in financial records and the spaghetti-like structure of 157 interrelated entities.
Law firm dodges personal costs despite ‘unsatisfactory approach’ to orders in discrimination case
A judge has stopped short of making costs orders against a law firm despite finding it was responsible for delays in a workplace discrimination suit.
Construction PRO
Provisional liquidators appointed to Melbourne developer Lion Property
A court has appointed provisional liquidators to Melbourne developer Lion Property Group after hearing that $120 million of investor money was not properly accounted for.