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Optus has been hit with a penalty of more than $826,000 after scammers exploited a vulnerability in its third-party verification system and stole $39,000 from customers’ bank accounts.
From trickle to steady stream, how GenAI and ‘fake law’ are impacting courts
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The use of generative AI in litigation is on the rise in Australia, according to a new report, and one expert says he hopes that increasing awareness of the risks of using generative AI means lawyers will be smart about its use in the future.
Keybridge files $1.7 million suit over alleged unfair share conversion
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Keybridge Capital has filed a lawsuit against E&P Investments seeking $1.7 million in compensation over the allegedly unfair conversion of almost 40,000 URFPA units held in E&P’s New York real estate investment fund as part of a share buyback program.
Mayne wins extension of FIRB deadline for Cosette takeover
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The Foreign Investment Review Board has extended the deadline for ruling on Cosette’s proposed $672 million takeover of Mayne Pharma.
Herald Sun apologises to Sam Groth, wife over relationship articles
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The Herald Sun has apologised to Victorian deputy Liberal leader Sam Groth and his wife, Brittany, over articles at the centre of a privacy and defamation lawsuit brought by the pair.
Court allows shopping centre in Logan Reserve over rival developer’s opposition
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A judge has approved a controversial shopping centre despite non-compliance with local planning laws, finding such schemes “are to be considered in a context where the needs of a community are not static and immutable” and that the centre would serve the fast growing community.
Developer loses tax dispute over $120M Alphington Paper Mill site
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A developer has lost a $18 million dispute with the Victorian revenue office over duties for purchasing the Alphington Paper Mill, which it plans to develop into a new mini-suburb with 2,500 homes.
John Holland wins row with Downer EDI over scope of construction dispute
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John Holland has persuaded a court to limit an expert determination in a dispute with contractor Downer EDI over the construction of a rollingstock manufacturing facility in Torbanlea, Queensland.
Link REIT bids for three Lendlease shopping centres
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Hong Kong-based Link REIT has made a play to acquire three of five Lendlease shopping centre assets that comprise a $2.9 billion property fund that are being sold down amid a slew of redemption requests.
Marlow Hotel Group snatches up Sydney pub for $77M
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Family-owned Marlow Hotel Group has acquired the Silverwater Hotel in Sydney’s west for a reported $77 million.