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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”.
Roberts Co appeals decision on $3.2M after-hours payment claim
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Roberts Co has appealed a decision which required it to pay the entirety of subcontractor Sharvain Facades $3.2 million payment claim, despite it being filed after hours on a Friday.
AUSTRAC orders audit of Western Union over AML/CTF concerns
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AUSTRAC has ordered an external audit of international funds company Western Union after sounding the alarm about its compliance with anti-money laundering regulations.
Whyalla Port administrators win bid to delay creditors meeting
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The administrators of the company claiming to own the Whyalla Port have more time until a second creditors meeting to investigate a proposed DOCA as well as a $1.3 billion proof of debt served by Whyalla steelworks operator OneSteel.
Orica scores $432M from for Hunter Valley hydrogen hub
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The federal government is leaning into renewable hydrogen to decarbonise Australia’s heavy industries, providing up to $432 million to explosives and ammonia manufacturer Orica for its Hunter Valley hydrogen hub.
Provisional liquidators appointed to Melbourne developer Lion Property
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A court has appointed provisional liquidators to Melbourne developer Lion Property Group after hearing that $120 million of investor money was not properly accounted for.
Consolidated Properties buys Brisbane riverfront site from Mirvac for $64M
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Consolidated Properties Group has acquired the last remaining riverfront development site in the Brisbane suburb of Newstead for $64.5 million from Mirvac Group.
Builder says owners having ‘tantrum’ in spat over Maroubra complex
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A defects case over an apartment complex in the Sydney beachside suburb of Maroubra has turned ugly, with a lawyer for the builder accusing the owners corporation of having a “tantrum”.
Till Payments can’t fight ‘royal commission’-style doc bid over capital raise claims
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Investors in Till Payments have won discovery for a possible suit over $43 million in alleged losses suffered after it was sold for just $47 million following a $200 million capital raise, with a judge rejecting arguments that the bid amounted to a royal commission.
Debt management firm still MIA as ASIC trial looms
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A judge has said an 11-day trial in ASIC’s case against Solve My Debt Now will go ahead in December despite a third set of solicitors ceasing to act and no sign that the debt management firm will put on evidence.