A judge has criticised the liquidators of a collapsed luxury homes business for a three-month delay in seeking court approval for a litigation funding agreement, warning other liquidators that they should apply for funding in advance.
Defunct Westpac home loan unit RAMS has been hit with a $20 million penalty after admitting to widespread misconduct at its franchises over a four-year period.
The Australian Competition and Consumer Commission has cleared the way for ASX-listed Cuscal’s to acquire payment facilitation supplier Indue, saying it was unlikely to substantially lessen competition.
Clyde & Co has boosted its corporate insurance offering, welcoming back solicitor Yvonne Lam after her stint at Gilchrist Connell.
ASIC wants an injunction against a financial adviser whose “honey pot” marketing allegedly led to 6,000 clients pumping over $520 million into the collapsed Shield and First Guardian funds.
Two senior Johns Lyng Group executives have been dragged into a dispute over the $75 million sale of Nike franchisee Retail Prodigy Group.
Airport operator Australia Pacific Airports Corporation has won its bid to delay an upcoming trial in a dispute with Dexus over alleged breaches of a shareholder deed, after the real estate asset manager discovered 20,000 documents only last week.
Spanish infrastructure firm Acciona is mulling cross-claims against contractor Veolia Australia after losing its fight to move their dispute over the Kwinana waste-to-energy project west, a court has heard.
Apartment owners in Sydney’s Alcove St Ives development have won extra time for evidence ahead of an expert huddle in a $123 million defects suit against a unit of builder Meriton.
Mastercard can pursue an appeal of a ruling for the competition regulator requiring the credit card giant to hand over communications about its agreements with retailers, which are at the centre of a misuse of market power case.