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Collapsed Sydney developer Dyldam has told a court that a liquidator’s claim for breach of directors’ duties is “hopeless” as the company was under a deed of company arrangement at the relevant time.
Star in talks with Balley’s as refinancing deal falls through
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The Star is on the brink of collapse again after a potential $940 million refinancing deal with Salter Brothers fell through, with the embattled casino operator continuing to mull an offer by US casino operator Balley.
Western Sydney Airport-related development wins approval
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A court has given the green light to a development related to the federal government’s $5.3 billion Western Sydney International Airport project.
Court asked to shut down Sofronoff’s challenge to corruption report
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The speaker of the legislative assembly of the ACT is seeking to shut down Walter Sofronoff’s legal challenge to a report which found he engaged in serious corrupt conduct in his inquiry into the prosecution of Bruce Lehrmann.
‘Game, set, match’ for United class action’s fight against $2.3M security, court told
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The fact that at least three funders are open to backing a franchisee class action against United Petroleum should doom the class action’s opposition to the petrol chain’s bid for $2.3 million in security, a court has heard.
EVP wins $10.4M freezing orders against failed start-up StrongRoom AI
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Venture capital fund EVP has secured a $10.4 million freezing order against pharmacy software start-up StrongRoom AI, after the company went into administration last week.
Plastic surgeon can’t escape class action despite applicant dropping claims
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A class action over alleged botched cosmetic surgeries can drop claims against one surgeon, but the doctor will remain a party so other defendants can point the finger at him.
WA public housing landlord points to ‘limited resources’ in class action defence
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Western Australia and its public housing landlord have denied a class action’s allegations that Indigenous people living in remote communities were overcharged for substandard public housing.
Ex-EY partner told clients tax scheme ‘risky but not illegal’, court hears
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On the first day of trial in the Tax Office’s case against a former EY partner accused of marketing a tax loss access scheme and pocketing $700,000 in the process, the court heard former clients were assured the scheme was “risky but not illegal”.
AVID Property to swallow AVJennings in $365M buyout
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Property group AVJennings has accepted a trimmed $365 million takeover offer from private equity-backed AVID Property after failing to receive a binding offer from Singaporean developer Ho Bee Land.