Leda Constructions loses bid for injunction in fight over $4M contract

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Builder Leda Constructions has lost its bid for injunctions that would prevent the principal in a $4 million building contract from calling on two bank guarantees worth $101,553 each. 

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Cudeco class action judge ‘extremely concerned’ about evidence delays

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Pointing to a pattern of non-compliance with his orders, a judge hearing a shareholder class action over the collapse of mining company Cudeco has expressed concerns about “significant” delays in the case.

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New merger review regime takes effect, with last-minute changes

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Reforms to Australia’s merger review regime kicked in on 1 January, but late-breaking amendments to the new laws mean changes to notification thresholds and further exemptions.

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WiseTech to sell off Expedient Software amid ACCC concerns

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WiseTech has agreed to divest logistics software company Expedient, which the ACCC said the Richard White-founded company acquired before the regulator had completed its competition review.

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Australian Unity hit with $7M penalty for failing to properly vet investors

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A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors. 

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Arnold Bloch Leibler won’t be kicked off dispute over property exec’s estate

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A court has found that two of the three heirs to the owners of property investor Kurtz Group can continue to use the services of Arnold Bloch Leibler, finding no risk of conflict. 

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ASIC sues BDO, director over audit reports for Dubber

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The corporate cop has sued BDO Audit and director Dean Just in the Federal Court over alleged false and misleading reports it made for ASX-listed software company Dubber. 

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