Queensland developer Cav Gasworks is facing a suit by a purchaser of an ‘off-the-plan’ apartment, after being ordered to pay $10.3 million for using a sunset clause to renege on an agreement with another buyer in the luxury Newstead high-rise.
Australia has reached an agreement with the US for the supply of critical minerals and rare earths amid increasing competition with China, starting with projects in Western Australia and the Northern Territory.
Australian real estate is bouncing back, with returns expected in the 7 to 9 per cent range over the next year, after a period of contraction triggered by an interest rate spike, according to new research.
Receivers for Jon Adgemis’ Public Hospitality Group are planning to put the South Bondi Hotel on the market by the end of the year.
Former Keybridge CEO Nicholas Bolton, who was voted out in a board spill earlier this year, has lost his bid to bring a derivative suit against director Frank Catalano over a failed bid to acquire a rural publisher previously owned by Nine.
A judge has refused to join the ATO as an interested party to a case over the receivership of investment platform Brite Advisors, after the receivers worried they could be on the hook for $75.4 million in capital gains tax.
The sacked CFO of Aaron Sansoni Group International who allegedly took control of the company’s domain names and the business name of its eponymous founder has been convicted of contempt and hit with freezing orders.
KMPG partner John Lindholm has escaped a potential probe into his decision to endorse a settlement in the scandal-ridden Banksia Securities class action as the receiver for the collapsed lender.
In the wake of a judgment that Apple and Google misused their market power in running their app stores, the tech giants are fighting injunctions proposed by Epic Games, which they say go beyond the case argued at trial.
The former human resources head for JLL in Australia is set to sue her former employer after she was allegedly sacked while on leave despite never being told she was under investigation.
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