ASIC seeks contempt orders against duo behind ALAMMC Developments

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ASIC wants a contempt ruling against the couple behind Gold Coast-based property developer ALAMMC Developments after they allegedly moved more than $500,000 out of frozen accounts and failed to disclose assets, including two racehorses, one of which is named ‘Within the Law’.

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Regeneron, Bayer settle appeal over launch of Sandoz’s Eylea biosimilar

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Biotech Regeneron and drug company Bayer have resolved their appeal of a ruling that allowed generic pharmaceutical manufacturer Sandoz to launch a version of top selling macular degeneration drug Eylea. 

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Sportsbet brings class action cross-claim to claw back winnings

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Sportsbet has launched a cross-claim in a class action alleging it provided unlawful in-play betting services, arguing that users of the contentious service should have to pay back their winnings if the lawsuit succeeds. 

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Keystone director challenges liquidator’s $9M proof of debt rebuff

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The former director of collapsed Keystone Asset Manager — who is under the glare of the corporate regulator over the asset manager’s Shield fund — is appealing the rejection of a $9 million claim on the company.

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Ceerose, Zone Q must remedy defects in Sydney apartment building

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An owners corporation has won orders requiring builder Ceerose and developer Zone Q rectify some defects in a Sydney apartment building, but failed to win work orders in relation to others.

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Cushman & Wakefield fights back in managing director’s dismissal case

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Launching a cross-claim in a former managing director’s unfair dismissal case, commercial real estate broker Cushman & Wakefield wants orders for repayment of a $1.5 million bonus.

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Labor, Greens strike deal to pass landmark environmental law reform

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Landmark federal environmental law reforms that will up penalties for environmental breaches and fast-track approvals for renewable energy projects are set to pass the Senate.

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Court won’t toss Frankston golf club’s claims over $115M sale

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The purchaser of Frankston’s $115 million Peninsula Kingswood Country Golf Club has lost a summary dismissal bid, with the court calling out its “contrariness” as stymieing the case’s progress without real cause. 

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Northern Beaches wins challenge to approval of seniors living development

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A bid for approval of a seniors living complex on Sydney’s northern beaches has stalled after a court found a commissioner ignored mandatory considerations on the mistaken understanding that they conflicted with other planning requirements. 

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