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The corporate regulator has filed proceedings seeking to wind up a company in the steel empire of billionaire Sanjeev Gupta for failure to lodge financial reports for four years.
ASIC wins court OK to pursue collapsed MWL Financial
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A court has granted the corporate regulator leave to proceed with a lawsuit against collapsed advisory firm MWL Financial for advising clients to invest $114 million in their super into Keystone’s failed Shield Master Fund.
Star judge calls out bloated board packs, corporate AI usage
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Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions” of former board members named in the case were “jarring”.
What was the point of her role? Judge questions Star GC’s not-my-job claim
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In finding Star Entertainment’s former group general counsel liable for breaches of duty, the judge overseeing ASIC’s case has questioned the chief lawyer’s insistence that she “rarely gave legal advice” and that her roles with the company should be delineated.
‘Plainly in breach’: Judge’s frustration boils over in Pacific Werribee case
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The reluctance of Pacific Werribee Shopping Centre co-owner Wadren to withdraw a non-compliant expert report in a $356 million defects case against the collapsed Probuild has raised the hackles of the presiding judge.
Ex-Star CEO, top lawyer breached their duties, judge finds
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ASIC has had mixed success in a case against former Star directors and officers, with a judge finding the casino operator’s former CEO and GC breached their duties but that claims against the former board fell short.
Downer on hook for costs in arbitration spat with Squadron over wind farm
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A court has rejected a bid to apportion costs by Downer after it found ICC arbitration proceedings the company brought against Squadron were invalidly commenced, saying the engineering company had lost on the core issue in dispute.
MinterEllison advises Mirvac on Sydney Fish Market redevelopment
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MinterEllison has advised Mirvac on a contract for a major redevelopment at the site of the former Sydney Fish Market.
ASIC brings action to wind up Gupta’s Liberty Bell Bay
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The corporate regulator has launched proceedings to wind up a company in the steel empire of billionaire Sanjeev Gupta for its failure to lodge financial reports for four years.
KHQ hires partner from Macpherson Kelley for construction practice
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KHQ Lawyers has snagged a leading infrastructure and energy lawyer from Macpherson Kelley for its newly rebranded construction, infrastructure and energy practice.