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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.
ASIC takes Wiluna Mining to court over $57M capital raising announcement
The corporate regulator has brought enforcement action against Wiluna Mining, accusing the gold mining operation of misleading conduct over a capital raising a month before it went under.
Construction PRO
WestConnex class action applicants defeat funder’s latest appeal
The funder behind a class action against Transport for NSW over the $16 billion WestConnex project has lost another appeal in its ongoing spat with the lead applicants.
Funder in spat with WestConnex class action applicants can’t dodge costs
That it once had a $100,000 bank cheque is not sufficient evidence to prove a funder behind a class action over the $16 billion WestConnex tunnel can meet a costs order in a feud with the applicants, an appeals court has said.
Construction PRO
Developer wins docs from council in spat over Paddington boarding house reno
Sydney City Council has been ordered by a court to produce documents in a legal battle with a property developer seeking to convert a Paddington boarding house into luxury residences.
Construction PRO
Developer fined $150,000 in first prosecution over project trust accounts
In the first prosecution of its kind, a Queensland property developer has been fined $150,000 for offences relating to a project trust account under the state's security of payment laws.
Practical legal training ‘rife with cheating’, lacks rigour, report finds
A survey initiated by NSW Supreme Court Chief Justice Andrew Bell into the state's practical legal training has found the mandatory program, which can cost up to $12,000, lacks academic rigour and is "rife with cheating".
Lawyer sacked for allegedly chucking a sickie not unfairly dismissed: FWC
A lawyer who was fired for allegedly chucking a sickie to watch the AFL Gather Round games in Adelaide was not unfairly dismissed, the Fair Work Commission has found.
ASIC sues Hollard Insurance over 3-year delay in resolving claim
The corporate regulator has taken Holland Insurance to court, alleging it breached its duty of utmost good faith by taking over three years to resolve an insurance claim.
Construction PRO
LU Simon loses special case in Victoria’s combustible cladding action over Atlantis
An appeals court has sided with the state of Victoria on a crucial issue in its case against LU Simon Builders over alleged combustible cladding on Melbourne's Atlantis Towers.