Corporate

A judge has found Max Twigg must compensate his mother and several family companies after selling bonds traceable to misappropriated funds, saying he and his company “misled the court” by not disclosing the sale.

The competition watchdog has raised concerns with stevedoring company DP World Australia’s proposed $174 million acquisition of logistics provider Silk, saying it may lead to higher prices.

The Star's former CEO has told a court he thought a general counsel was “painting very dramatic pictures” when he voiced concerns about cash transactions in junket operator Suncity’s VIP room.

ASIC's claim of legal privilege over a solicitor’s notes of an interview with a tech start-up boss involved in the ASX program to replace its CHESS system could be tested under cross-examination, a court has heard.

Piper Alderman has snagged six partners from Squire Patton Boggs, many of whom were at the global firm for over a decade, to join its corporate, construction and financial services teams.

A judge has questioned the former CEO of Star about a report that contained “startling” information about the casino’s significant junket operator Suncity that linked it to organised crime. 

Ex-Keystone director Paul Chiodo’s company has won more time to file a defence to a new suit by Keystone’s receivers over a failed transaction for the purchase a Marriott Hotel in Italy.

Gold producer Black Cat has acquired Westgold’s Lakewood processing facility located just outside Kalgoorlie for $85 million. 

Developer AVJennings said it is mulling competing takeover offers by Singaporean developer Ho Bee Land and private equity-backed AVID Property Group.

Nine-owned Australian property marketplace Domain is weighing up a $2.7 billion cash takeover offer from US-based CoStar Group, which snapped up a 16.9 per cent share in the company on Thursday.