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ASIC to appeal win for Rex directors over rosy forecast
The corporate cop is challenging a decision that tossed its breach of duty claims against three Regional Express board members over the company's continuous disclosure failures.
Construction PRO
Landowner seeking $490M for M12 acquisition scores partial win
A Western Sydney landowner has secured a partial win in its challenge to the valuation of land compulsorily acquired for the M12 Motorway.
Lawyer fails on appeal over inaccurate recounting of judge’s remarks
An appeals court has rejected a Sydney solicitor’s challenge to a finding that he engaged in unsatisfactory professional conduct after he inaccurately recounted a judge’s comments in a letter to a costs assessor.
Construction PRO
‘That’s not right’: Property developer says EY withholding client file
EY has claimed a provision of the tax law prevents it from handing over the client file of a property developer who alleges a former partner breached fiduciary duties, but the developer says there is no reason to withhold the documents.
Silk with insolvency, tax chops appointed to NSW Supreme Court
A Sydney silk who recently represented singer Guy Sebastian and the liquidators of the Tahmoor coal mine has been tapped to join the NSW Supreme Court.
Construction PRO
Council loses bid for Baker McKenzie advice over Hills of Gold wind farm
The Tamworth local council has lost its bid to inspect advice given by Baker McKenzie to the owner of the Hills of Gold wind farm in regional NSW as they fight over costs in a development consent dispute.
Lawyers, judges must embrace AI, complaints ‘much exaggerated’: judge
A senior judge has urged lawyers and judges to “be in the vanguard” of adopting generative artificial intelligence or risk becoming irrelevant, saying machine-made judicial decisions are inevitable.
Sinking homes class action plaintiff says fees from $18M settlement not fair
The plaintiff in a class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has flagged a potential fight over the funder’s cut and legal fees to be deducted from an $18 million settlement.
EY blames ‘very draconican’ tax law for failure to produce client file
EY has claimed a "draconian" provision of the Taxation Administration Act precludes it from handing over the client file of a property developer who has accused a former partner of breaching fiduciary duties.
ATO fails on appeal of ‘wilful blindness’ ruling over Kupang debt
The ATO has lost its appeal of a ruling that put it on the hook for $35 million after a judge found it received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him.