Contracts

A judge has ruled that IG Power is not required to reimburse Genuity $24.4 million in interest charged by its parent company on a $60 million loan to rebuild the Callide power station, finding the loan was intended to be interest free. 

Bathroom products giant Reece has lost its challenge to a decision that found its lease of a western Sydney warehouse remained on foot after it made an invalid attempt to terminate the ten-year deal.

A judge has ordered a Gold Coast developer to honour two off-the-plan apartment contracts, finding it could not rely on sunset clauses to terminate the agreements.

A judge has rejected a pastoral and agricultural land manager's bid to have a $556,000 cross-claim sent to arbitration, saying it waited too long to invoke its rights to arbitrate.

Potentia Capital co-founder Tim Reed has told the Federal Court settlement negotiations with former partner Andrew Joyce were in "flux" and never finalised, in a case by Joyce seeking to enforce the terms of the agreement.

A judge has refused summary judgment in a $694 million suit by a company controlled by Chinese state-owned developer Beijing Capital Land against the director of developer Arden Group alleging it defaulted on loans linked to residential developments in Sydney and Brisbane. 

Private equity firm Potentia Capital has accused the founder of software company Soprano Design of shareholder oppression, claiming he prevented Soprano's former CEO from performing his role, leading to his resignation four months into the job.

Lifestyle Communities has lost its appeal after a tribunal found that exit fees charged to departing residents were void, with an appeals court saying a tenant must be able to calculate how much they will be charged. 

The co-producers of 'The Deb' want Rebel Wilson to hand over texts exchanged with a crisis public relations adviser, arguing they could show the actress helped coordinate 'takedown' websites targeting the film's lead actress and one of its producers.

M Resources Trading has won its challenge to a decision setting aside a $1.07 million statutory demand it issued to defunct mining company Australian Pacific Coal, with an appeals court finding there was no genuine dispute over the debt.