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A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
AVID wins approval for 300-home Waterford development in NSW’s Hunter Valley
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AVID Residential has secured approval for a 300-lot development in Chisholm, NSW, following an appeal of a deemed refusal by the Maitland City Council.
Brickworks settles competition suit against rival BGC
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Australia’s largest brick manufacturer Brickworks has settled a competition case brought against rival BGC, a company founded by billionaire Len Buckeridge.
Regulator hikes up ANZ capital requirements to $1B amid risk concerns
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APRA has increased ANZ’s capital add-on requirement by $250 million to account for operational risks, after a report highlighted “persistent and prevalent” problems at the bank.
Allianz’s $170M class action settlement OK’d, law firms to pocket $42.5M
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A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
ACCC loses High Court appeal in CFMEU boycott case
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In a loss for the ACCC, the High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU merely by yielding to a threat of industrial action.
Mineral Resources, Chris Ellison hit with shareholder class action
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Mineral Resources and founder Chris Ellison have been hit with a shareholder class action over alleged disclosure failures related to transactions with a company Ellison owned.
Zip hopes High Court buys honest concurrent use defence in high-stakes trade mark suit
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Buy now, pay later giant Zip will ask the High Court to throw out a ruling that found it infringed mortgage provider Firstmac’s ‘Zip’ trade mark and barred it from using the name in Australia.
Silk with class action, competition law chops appointed to NSW Court of Appeal
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A Sydney silk who has worked on several car defect class actions and represented Apple over claims it engaged in anti-competitive conduct in the app marketplace has been appointed to the NSW Court of Appeal.
JB Asset Management wins back funds from failed $395M development deal
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JB Asset Management has clawed back $3 million from a scuttled real estate deal involving LBA Capital, almost a year after LBA’s director was jailed for fraud.