A former contractor at the ASX has alleged the securities exchange was “embarrassed” by governance failures relating to a $200 million technology modernisation program and sought to hide the issues from the Reserve Bank of Australia.
Telstra has reached an agreement with the consumer regulator after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider, Belong.
Clive Palmer has lost a battle over Western Australian legislation shielding the state from the fallout of a decision barring a proposed Pilbara iron ore project, with a tribunal finding it had no jurisdiction to hear the $300 billion case.
Hall & Wilcox has struck back at proceedings by the liquidators for collapsed construction group Hastie, saying they have failed to specify why its $18.6 million legal bill incurred in suing two dozen builders is unreasonable.
Hostplus has called out Lendlease for encouraging investors to skip a meeting convened by the super fund heavyweight in its bid to boot the real estate manager from the $2 billion APPF Industrial fund.
Property valuer M3 Property has denied claims that its lease valuations were incorrect and led to tenants of Adelaide’s Rundle Mall being overcharged and says that if it is found liable, brokers CBRE and JLL should be on the hook as well.
German car hire company SIXT has dropped its bid for an injunction barring Darwin International Airport from requiring it to vacate the premises it operates out of at the airport.
An entity associated with the director of defunct Sydney builder Quasar Constructions has failed to hand over details about its assets to liquidators, prompting further orders with a warning from the court.
The ACCC has picked up its review into Acciona’s bid to acquire the $500 million East Rockingham waste-to-energy project in Western Australia, after hitting pause last month.
A judge has signed of on a settlement struck by the liquidator for failed financial services firm Babcock & Brown, which will resolve all remaining and future shareholder disputes, which have beleaguered the liquidator for 12 years.
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