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Companies in the steel empire of billionaire Sanjeev Gupta have been ordered to lodge outstanding annual financial reports after the corporate regulator brought court action.
Australia hits three class action milestones
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In this 33rd year of class actions, three significant milestones have been achieved by Australia’s class action regimes, writes expert Professor Vince Morabito.
Crown Resorts to pay $73M to settle shareholder class action
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Casino operator Crown has agreed to pay $73 million over two years to settle a shareholder class action accusing it of lax money laundering compliance, with solicitors set to take home $20 million.
Banksia class action members launch case against Arnold Bloch Leibler, partner
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Arnold Bloch Leibler and a litigation partner at the law firm are among defendants named in a new case for their representation of the mastermind behind the scandal-ridden Banksia Securities class action.
United Petroleum property manager had no authority to negotiate lease: court
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A court has found that United Petroleum is not bound by the terms of a signed lease offer sent to a neighbouring Gold Coast pharmacy operator, ruling the company’s property consultant had no authority to negotiate or enter into a new lease on its behalf.
Indigenous group to get cut of profits in first-of-its-kind BESS deal
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Ashurst has advised renewable energy company AMPYR Australia on a novel equity partnership and participation model with the Aboriginal community for a battery energy storage system in NSW’s Central Western Slops region.
Brookfield scoops up 19.9% interest in Cromwell Property Group
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Brookfield has scooped up a 19.9 per cent stake in real estate investment manager Cromwell Property Group.
$800M investment in Aliro Group’s industrial vehicle by Canada pension fund
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Joining CBRE Investment Management in fast-tracking developer Aliro Group’s flagship industrial vehicle, Canadian super fund PSP Investments has committed up to $800 million for investment.
Kaloriziko appeals ruling on Ryde development offset
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Developer Kaloriziko has appealed a ruling which rejected its claim that a property deal involving related parties extinguished a $2.12 million liability to a builder on the ‘Sky Gardens’ residential development in Ryde, NSW.
Abacus Storage grants due diligence to consortium behind $2.2B takeover offer
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Abacus Storage Kings will open its books for a consortium of Ki Corporation and New York Stock Exchange-listed Public Storage, which lobbed a $2.2 billion takeover offer last week.