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‘Chorus of deflections’: ASIC slams Star board’s ‘apathy’ over AML/CTF breaches
Star Entertainment's management and board cannot shirk responsibility for turning a blind eye to money laundering risks by pointing the finger at each other, ASIC has told a court.
Fonterra to appeal ruling over Bega trade mark licences
Dairy company Fonterra is reportedly challenging a court's refusal to give it certainty over lucrative licence agreements with Bega Cheese as it pursues a sale of its Australian business.
Court won’t block investor in Sam Altman-backed AI firm from voting on share sale
A judge has declined to make orders blocking a general meeting of the members of Cryptai, a company with a significant shareholding in Sam Altman-backed Ai company Rain Neuromorphics, in order to consider a share sale.
Fonterra can’t get pre-deal ruling on sale’s impact on lucrative Bega licences
Dairy company Fonterra can't get a court declaration that its Australian exit plans will not trigger change of control clauses in lucrative licence agreements with Bega, potentially affecting the likely sale price.
Construction PRO
Roberts Co NSW to be sold to UAE developer Arada Group
Roberts Co NSW is to be acquired by United Arab Emirates builder Arada, a month after the Australian construction business put its Victorian unit in administration.
Judge ends Keybridge administration, finds company is solvent
After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company's administration after it provided a letter of comfort and offer to fund its debts.
Moray & Agnew recruits new corporate partner
An automotive law expert has joined Moray & Agnew as a partner in the firm's corporate and commercial practice.
Construction PRO
Allens, HSF advise on ACEN’s renewable energy portfolio financing
Big Six firms Allens and Herbert Smith Freehills are the law firm heavyweights behind $750 million in platform financing for ACEN Australia's renewable energy portfolio.
Qube wins clearance from competition cop to buy MIRRAT with conditions
Port logistics giant Qube has won the ACCC's blessing to buy port operations provider MIRRAT under the condition that it agree to not discriminate against downstream competitors at the Port of Melbourne.
Construction PRO
JB Asset Management wins back funds from failed $395M development deal
JB Asset Management has clawed back $3 million from a scuttled real estate deal involving LBA Capital, almost a year after LBA’s director was jailed for fraud.