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The High Court won’t hear an appeal by a creditor of collapsed forestry giant Gunns Plantations seeking to toss winding up proceedings brought after it failed to pay back $1.2 million in unfair preferences.
Salter Brothers, XL Insurance resolve fight over coverage for clients’ lawsuit
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Real estate investment manager Salter Brothers has resolved a spat with XL Insurance over more than $6 million in costs incurred in successfully defending itself in lawsuits by three clients.
Funder’s CEO told female director to ‘make way for thrusting young bucks’, suit says
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The CEO of litigation funder Woodsford told a female director to swallow her “pride and ego” and make way for a younger, male collague, a new lawsuit claims.
Westpac looks to shield Allens chronologies in AUSTRAC class action
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Westpac is arguing timelines prepared by law firm Allens are privileged and should not be handed over in a shareholder class action over its alleged lax compliance with anti-money laundering laws.
Hyundai, Kia class action firm can’t escape costs of withdrawn appeals
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Applicants in class actions against Hyundai and Kia over alleged defective braking will pay the car manufacturers’ costs incurred for abandoned appeals, despite arguing the appeals were overtaken by subsequent events.
Tabcorp’s former CEO sues betting giant, directors
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Tabcorp’s ex-boss, who was found to have been forced out over alleged offensive language, says his coerced resignation was inconsistent with a boardroom history of condoning off-colour remarks.
Stockland-led consortium confirmed for Sydney social housing revamp
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A Stockland consortium has finalised contracts with the NSW government to lead a major redevelopment of social housing in the inner Sydney suburb of Waterloo.
Victoria can’t set aside disclaimer on hazardous waste at rental property
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The state of Victoria can’t set aside a liquidator’s disclaimer over hazardous waste in a property rented by collapsed marine safety flooring company Fordex, with a judge finding the landlord’s rights over the property and waste were not terminated by the disclaimer.
Foodco defeats Muffin Break franchisee’s ‘convoluted’ appeal over rental payments
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Muffin Break franchisor Foodco has defeated a franchisee’s challenge to a ruling that put it on the hook for money owed under a rental agreement after the lease for the store at the Bayside Shopping Centre in Frankston was not renewed.
Housing supply concerns deflate optimism in property industry
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A survey of Property Council of Australia members has found optimism in the industry has improved, but concerns about housing supply remained a concern.