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A liquidator has opened his case over the alleged misuse of funds by now defunct Dyldam Developments, as the court hears of “oddities” in financial records and the spaghetti-like structure of 157 interrelated entities.
Sentinel shells out $132M for office in Brisbane’s Olympics precinct
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Sentinel Property Group has purchased its most expensive office asset since its establishment, paying $132 million for a fully-leased office building in the heart of Brisbane’s Olympics precinct.
Singapore firm sells vacant Melbourne CBD office tower
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Singapore firm Roxy-Pacific Holdings has sold the iconic Melbourne House at 360 Little Bourke Street to an unnamed interstate investor.
Judge ‘nervous’ about damages notice to Isuzu class action members
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A judge has expressed his nervousness about a proposed notice to group members in a class action against Isuzu that warns them they may lose an entitlement to damages if they sell their alleged defective vehicles.
Judge vacates trial date in data scraping case against CoreLogic
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A judge has vacated an upcoming trial date in a data scraping case against US-based CoreLogic to allow the analytics company more time to respond to a “weighty” report by a forensic accountant.
ACCC clears DP World’s $174M acquisition of Silk Logistics
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The Australian Competition and Consumer Commission has given the green light to DP World’s proposed acquisition of Silk Logistics, after finding it was not likely to substantially lessen competition.
Maybe happy ending for EY after mass defection of tax team to Alvarez & Marsal
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Likening its position to the “Goldilocks zone”, EY has secured documents from rival Alvarez & Marsal as it weighs potential litigation over the mass departure of partners and staff from its international tax practice.
State blasts ‘magical thinking’ of hotel quarantine class action
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The state of Victoria has attacked the “magical thinking” of a class action over its COVID-19 hotel quarantine debacle, as the applicants seek to plead an alternative case holding the state responsible for a wave of infections.
AMP hit with another class action over ‘inflated’ insurance premiums
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AMP is facing a new class action alleging certain superannuation fund members were hit with inflated premiums over a five-year period, after arguing a similar matter was “in search of a case” more than four years after being filed.
Mastercard slams ACCC’s novel push for communications with lawyers
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Mastercard has pushed back on the ACCC’s argument that it waived privilege over communications with lawyers, saying it would “take the law of waiver to a place it has never been before”.