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Reflecting renewed interest in office assets, property investment company Charter Hall has launched a $147 million unlisted trust for investors to buy into two fully-tenanted office buildings in the ACT and Queensland.
Quintis class action says disclosure-linked share price drop ‘common sense’
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The judge who tossed a class action by Quintis’ shareholders should have found a restatement of assets would have materially affected the sandalwood company’s share price “as a matter of common sense”, a court has been told.
ICJ decision opens door to more innovative climate litigation, experts say
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A decision this week from the International Court of Justice holding countries have an obligation to protect the climate from greenhouse emissions will open the door to innovative climate litigation, experts told Lawyerly.
Consultation on proposed non-compete ban kicks off
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The federal government is seeking feedback on its proposed ban on non-compete clauses for those earning salaries under the high-income threshold and restraints of trade in employment agreements.
Bulldogs can’t escape jury trial in second fan abuse case
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The Western Bulldogs football club has lost its bid to avoid a jury trial in a second lawsuit by a fan alleging he was sexually abused as a boy by a club volunteer in the 1980s.
Class action probe claims $1B ‘wipeout’ from Keystone, Falcon funds
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A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of “catastrophic” losses.
ASIC loses appeal in crypto case against Finder
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The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money.
Westpac can shield Allens docs in money laundering class action
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Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.
Werribee shopping centre wants AIG, others added to $356M suit against Probuild
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The co-owners of the Pacific Werribee shopping centre in Victoria are seeking to join collapsed builder Probuild’s primary insurer AIG and several excess insurers to their case over $356 million in alleged defects.
Contractors dragged into Deakin University’s suit against Hansen Yuncken
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A number of contractors have been added by builder Hansen Yuncken to a $14.3 million dollar lawsuit by Deakin University over alleged building defects at its Burwood campus.