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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.
Dentons nabs employment partner from Deloitte Legal
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Dentons has poached an employment law expert and her team of three from Deloitte Legal to grow its Melbourne office.
Ord Minnett wins appeal in fight with wealth advisor over wage entitlements
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Stockbroking firm Ord Minnett has overturned a judgment finding it owed years of wages and other entitlements to a wealth adviser who was only paid in commissions.
Hall & Wilcox accuses Pitcher Partners of negligence over super advice
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Hall & Wilcox has brought proceedings against accounting firm Pitcher Partners, alleging it breached its duty of care by providing negligent advice on late superannuation payments.
Qantas targeted in cyberattack affecting 6M customers
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A cyber criminal has targeted a Qantas call centre that holds the records of six million customers, in an attack exposing a “significant” amount of data.
Landmark win for low-paid McDonald’s workers in FWC
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The workplace umpire has handed a win to over 5,000 McDonald’s workers, in a decision that will force 18 of the fast food giant’s franchisees to the negotiating table for a single enterprise agreement under new laws.