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In a case over alleged faulty plumbing pipes produced by Fletcher Building’s Iplex, BGC told a court Friday it had been overwhelmed by calls for repairs to the 7,000 Perth homes fitted with the pipes.
Rawcorp can’t block recourse to security in fight over $25.5M development
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A developer can have recourse to $740,000 in security following building delays, with a judge finding that its contract with Rawcorp for the construction of a Coolangatta apartment complex created an unfettered right to call on the security.
Forum Finance director banned by ASIC for maximum period
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Forum Finance director Vince Tesoriero has been banned from managing companies for five years due to his involvement in the failure of 20 companies, including Forum, through which he and partner Bill Papas defrauded Westpac out of $400 million.
High Court rejects lender’s second bid for judge’s recusal in ASIC case
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The High Court has dismissed Sunshine Loans’ second attempt to have a judge recuse himself from a penalty hearing in ASIC’s case against the payday lender, despite his criticism of a witness due to give further evidence.
CBA avoids special leave hearing of cross-appeal in High Court cases
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The Commonwealth Bank has avoided a separate hearing over its cross-appeal in shareholder class actions that have reached the High Court.
ACCR appeals dismissal of Santos greenwashing case
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The Australasian Centre for Corporate Responsibility has appealed the dismissal of its greenwashing case alleging Santos misled investors by falsely representing that it had a plausible path to net zero by 2040.
‘Implausible’ that Australia lied about live exports ban, court told
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The Commonwealth has hit back at a class action’s appeal over the government’s 2011 live exports ban, denying that it lied to an Indonesian minister about the ban.
Dexus to quiz APAC chair ahead of trial in airport shareholder row
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Dexus can question APAC’s chair on the material relied on by the Melbourne Airport operator in issuing a default notice requiring the real estate asset manager to sell its stake, ahead of trial in a fight over the validity of the notice.
Nickel mine shareholders to pursue funders in case over aborted $70M sale
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After a win in their spat over the sale of Brazil’s Santa Rita nickel mine, two Australian companies who held all shares in the mine’s owner, Atlantic Nickel, may seek costs against Omni Bridgeway and Balance REV, the litigation funders of the loser in the case.
Glenvill Constructions charged with breaching building insurance laws
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Victoria’s construction regulator has charged builder Glenvill Construction with breaching new laws requiring builders to hold a domestic building insurance policy before receiving deposits for contracts.