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The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.
Trial can continue against bankrupt execs of collapsed developer Dyldam
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A judge has given a liquidator approval to continue with claims at trial against former executives of failed Sydney developer Dyldam after they declared bankruptcy.
$500M waste-to-energy plant wins extension, as Acciona’s wait continues
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Receivers of the $500 million East Rockingham waste-to-energy project will have until the end of September to hash out a plan to maximise creditor returns, as Acciona’s wait for approval of its bid to acquire the plant continues.
Lendlease to oversee real estate portfolio of Malaysia’s biggest super fund
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Lendlease has been chosen to manage real estate investment for Malaysia’s biggest public sector superannuation fund, even as it reportedly faces a fight to retain control of investment dollarsfor Australia’s super giants.
‘Miscellaneous’ licence doesn’t exempt Atlantic from WA land rates: court
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Atlantic will have to pay its dues to a local council in Western Australia, where it operates a $700 million mining project, with a court rejecting arguments that would allow mining companies to avoid paying rates on land that may produce “considerable profits”.
Full Court asked to rule on reasonableness of financial advisors’ non-competes
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Two former employees of financial services firm Monarch Advisory have appealed a ruling that awarded their former employer $270,000 in damages after they were found to have breached a non-compete agreement.
Payday lenders BSF, Cigno lose appeal in ASIC case
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Payday lenders BSF Solutions and Cigno have lost an appeal in action by ASIC alleging they engaged in unlicensed credit activity and charged prohibited fees, in the case’s second run up to the Full Federal Court.
Mayfair’s conduct ‘cannot be laid at the door of any lawyers’: judge
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A judge has criticised Mayfair Group’s “directing mind” James Mawhinney in a do-over of ASIC’s case over notes tied to Mission Beach properties, saying “vociferous and continuous efforts” to blame others, including lawyers, for investor losses did not reflect well on him.
Domain resolves REA Group’s case over alleged data scraping
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Real estate portal Domain has reached a settlement in a lawsuit by News Corp-owned REA Group that accused its rival of misleading conduct and infringing its copyright in property photos and floor plans.
Grant Thornton partner admonished for iSignthis audit review
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A Grant Thornton partner has been admonished for failing to properly review the firm’s audit of the 2018 financial statements of delisted fintech iSignthis, in a promising turn for a recently filed class action.