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Space company Equatorial Launch Australia, which is facing an unfair dismissal from its former CEO, has told a court that solvency issues mean the former executive cannot call on $5 million in convertible notes.
Non-bank lender Firstmac hit with $8M penalty for DDO breaches
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The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.
Manus Island security guard sues Maurice Blackburn for negligence
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A former Manus Island security guard has sued Maurice Blackburn, alleging the firm’s negligence prevented him from receiving higher compensation for his psychiatric injuries.
‘No flight risk’: ASIC can’t get travel ban on fund manager in probe over $35M
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Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.
In win for union, court muzzles St Vincent’s talk on bed closures
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A nurses union has won orders barring St Vincent’s Private from representing to nurses that protected industrial action in relation to the closure of beds at various hospitals is unlawful and unprotected.
Lendlease wins appeal over Circular Quay land valuation
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Lendlease’s appeal of the NSW Valuer General’s land value determinations of luxury residential tower One Circular Quay has prevailed.
Indigenous child removal class actions slam ‘masked’ government files
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Lawyers representing two class actions against the state of Queensland over alleged unlawful removals of Indigenous children have called on the state to produce unredacted files about the lead applicants.
Citing class action, VCAT rejects MP’s bid for hotel quarantine docs
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A bid by Victorian Liberal MP David Davis for documents on the state’s hotel quarantine program has largely failed, with a tribunal finding their release could prejudice an ongoing class action.
Star to sell Sydney Event Centre for $60M
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Troubled casino giant Start Entertainment has sold off its Sydney events venue to Foundation Theatres for what has been dubbed a fire sale price of $60 million.
Fashion site FWRD loses challenge to Corezero trade mark
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Online fashion retailer FWRD has lost its challenge to registration of the ‘FFWD’ trade mark by data processing software company Corezero.