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Liquidators of collapsed builder Privium have won extra time to pursue potential proceedings over a number of suspicious transactions, which include unexplained payments to companies associated with a director.
Roberts Co Vic administrators can hold funds for Probuild subcontractors on trust: court
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Administrators of construction company Roberts Co Victoria, which owes $272 million to 470 creditors, are justified in treating funds as if held on trust for subcontractors on six projects in Melbourne, a judge has found.
Beacon Minerals geological consultant pleads guilty to insider trading
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A geological consultant for gold mining company Beacon Minerals has pleaded guilty to insider trading, while a former project manager for the company maintains he is not guilty.
Sandoz says Amgen ‘dragging the chain’ in fight over bone drug biosimilar
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Sandoz has accused Amgen of ‘dragging the chain’ as the Swiss biotech continues to mull whether to launch infringement proceedings over six patents for its Prolia and Xgeve bone disease biologics.
ACCC won’t oppose Cleanaway’s $110M acquisition of Citywide Waste
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The competition regulator will not oppose waste management company Cleanaway’s $110 million acquisition of Citywide Waste, saying the tie-up was unlikely to substantially lessen competition for waste services in Melbourne.
MinterEllison recruits leading litigator from ASIC
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A litigator with the corporate regulator has returned to private practice, joining BigSix firm MinterEllison as a partner on the dispute resolution team.
ASIC accuses Macquarie of 14 years of short sale reporting failures
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ASIC has taken Macquarie Securities to court alleging it failed to accurately report at least 73 million short sales over a period of 14 years.
Holding Redlich sues ex-Keystone director Paul Chiodo over $327K in legal fees
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Law firm Holding Redlich has brought proceedings against former Keystone director Paul Chiodo over $327,000 in legal fees, after acting in ASIC proceedings that raised “grave concerns” that he improperly spent investor funds.
Deakin sues builder for $14.3M over defects at Burwood campus building
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Deakin University is suing builder Hanson Yuncken seeking $14.3 million for alleged defects on a building at its Burwood campus.
Lendlease says legal advice, ATO communications privileged in ex-GHSF partner’s case
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Lendlease has told a court that documents relied on by an ex-Greenwoods and Herbert Smith Freehills partner in his case contain privileged legal advice and without prejudice communications with the Australian Tax Office.