Crown Resorts has lost a fight against a proposal by funders for iProsperity Group’s liquidators to put up an after-the-event insurance policy as security for costs in a case that seeks to recover $55 million in gambling losses.
An expert will not be asked to determine a potential cross-claim by Downer EDI Rail in a dispute with John Holland over a rollingstock manufacturing facility being constructed in Torbanlea.
John Holland has persuaded a court to limit an expert determination in a dispute with contractor Downer EDI over the construction of a rollingstock manufacturing facility in Torbanlea, Queensland.
The administrators of struggling regional airline Rex have entered into a sale agreement with NASDAQ-listed aviation holding company Air T, with the federal government stepping in to facilitate the sale.
The High Court has rejected a South Australian wind farm’s special leave application seeking to overturn a ruling ordering it to make a $21 million progress payment to joint venture partners GE Renewable Energy and Elecnor.
A judge has found that builder DT Infrastructure’s application for adjudication of a $22 million payment claim against Downer EDI was discharged by Downer paying off a smaller claim of less than $1 million, which was the only amount expressly referred to in DTI’s application.
French renewable energy company TagEnergy has scooped up Australian renewables developer ACE Power, acquiring a portfolio of 6GW battery, wind and solar projects.
The High Court has declined to weigh in on when a court should step in when the machinery governing the entitlement to payments in a contract breaks down, in a dispute between builder Glenvill and Amcor over asbestos remediation at an industrial site in the Melbourne suburb of Alphington.
The liquidator of six companies linked to the nephew of former Nudie Juice founder Andrew Binetter has secured approval for a settlement in a case over the fallout of a massive tax evasion scheme.
A judge has approved a bid by administrators of Rex to delay the next creditors’ meeting to continue talks with several potential buyers of the regional airline.