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The development management company behind the $2.7 billion STH BNK project, which was placed in administration last week, owes creditors — including lawyers, consultants and designers — over $100 million.
S&P fails in bid for all class action expert evidence to be thrown out
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Ahead of an eight-week trial in an investor class action in July, ratings agency S&P has lost its bid to throw out the entirety of the expert evidence in the case.
Wright Prospecting heirs mull costs order against brother’s litigation funder
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The heirs of iron ore magnate Peter Wright have won a bid to haul their brother Julian to court to question him about the identity of the funder who backed his unsuccessful case against them in a dispute over their father’s estate.
Government to ban home purchases by foreign investors
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The Albanaese government has announced it will ban foreign investors from buying established homes for two years and also take steps to crack down on land banking.
AI providers likely shielded from suits by lawyers, experts say
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Lawyers will struggle to hold providers of legal artificial intelligence services liable for negligence but the situation may change as the technology becomes more sophisticated, experts have told Lawyerly.
No privilege waiver by Holiday Inn Express developer in claiming damages: court
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The developer of a suite of Holiday Inn Express hotels has succeeded in its appeal of a ruling that laid bare privileged material connected to its lawyers’ bills.
Lendlease resolves dispute over $625M land valuation for Sydney CBD plot
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Lendlease has resolved its challenge to a valuation for the site of its $3.1 billion luxury development One Circular Quay, located between the Harbour Bridge and the Sydney Opera House.
New statutory duty aims to block repeat of Robodebt scandal
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The Albanese government has passed a new law aimed at preventing a repeat of the Robodebt scandal, making it an offence for federal agency heads to impede an investigation by the Commonwealth watchdog.
MinRes confirms boss will step down over disclosure failures
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Mineral Resources confirmed Thursday managing director Chris Ellison will be replaced following a disclosure scandal detailed late last year, but no new penalties will be imposed.
Former IRExchange execs charged with Corporations Act violations
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The Australian Securities and Investments Commission has charged three former directors of failed online grocery wholesaler IRExchange for allegedly violating the Corporations Act.