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The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.
Developer wants to exit cladding class action to bring own case against Halifax
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A Sydney developer has launched a bid to opt out as a group member of a combustible cladding class action against 3A Composites and Halifax to bring its own “copy” of the case.
Subcontractor wants court OK to pursue SOPA claim against Roberts Co
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Plumbing company Flowmotion has brought a court application seeking the OK to pursue a payment claim against the Victorian unit of builder Roberts Co, which entered administration five months ago.
Ki Corporation, Public Storage pull $2.2B offer for Abacus Storage King
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A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.
Fire House purchase by Sonnel marks first pub sale in North Sydney in 40 years
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Hotelier Mark Barry has sold the iconic Fire House Hotel for a reported $35 million, in the first freehold hotel transaction in North Sydney’s CBD in more than 40 years.
Coles, Woolworths class actions ‘put to sleep’ until ACCC trial
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A judge will hit pause on two class actions against Coles and Woolworths over allegedly illusory discounts after hearing a bid to bind group members to the findings in related proceedings by the ACCC.
Media mogul Antony Catalano spared from witness box in Keybridge case
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Media mogul Antony Catalano will not be required to provide evidence about a deal between Keybridge Capital and Magellan Financial Group after claiming it could put him at risk of incriminating himself as ASIC probes the transaction.
Trainee doctors not entitled to allowance for temp staff, NSW court says
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A NSW Industrial Court judge has dismissed a case on behalf of junior doctors seeking a 10 per cent allowance for temporary employees, saying while the doctors were on fixed-term contracts they were permanent employees.
Mastercard doc privileged despite ‘inadvertent’ disclosure during Baker McKenzie review
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A judge has found that Mastercard can maintain legal professional privilege over a document that was inadvertently sent to the ACCC in 2020 after lawyers at Baker McKenzie had to review 100,000 documents in less than two months.
Court rejects ‘entirely unwarranted’ attack on Allens solicitors in fight over lift IP
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A court has dismissed a lift supplier’s appeal of a decision rejecting its claim of breach of confidence against a rival, including an “entirely unwarranted” attack on solicitors at Allens over the use of documents obtained by “internet-savvy” search techniques.