Coles urges court not to second guess its ‘commercial’ judgment

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Facing claims it misled customers with its ‘Down Down’ pricing, Coles has urged the court not to second guess its judgment, but a judge overseeing the case has said competitive pressures do not excuse misleading promotions.

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Cor Cordis sued by ex-chair who claims firm undervalued WIP

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The former chair of Cor Cordis has sued the insolvency firm, claiming it passed resolutions in “bad faith” that reduced the value of its work in progress from $23 million to $12.7 million to avoid paying out his proper retirement entitlements. 

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Baker McKenzie to join Minters at 55 Pitt Street in Sydney

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Baker McKenzie is the latest law firm to sign on as a tenant at 55 Pitt Street in Sydney — a premium office tower overlooking Circular Quay — following in the footsteps of MinterEllison.

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Vicinity Centres takes full ownership of Brisbane’s Uptown for $212M

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ASX-listed Vicinity Centres has secured full ownership of Uptown Shopping Centre in Brisbane’s CBD after agreeing to purchase IFM Investor’s 75 per cent stake for $212 million.

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IG Power stakes claim over $3.5M surplus left over from Callide administration

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IG Energy’s former subsidiary has made a claim on a $3.5 million surplus from the administration of IG’s interest in the Callide Power Station in Queensland. 

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Mitre 10 franchisee sues Bunnings over $36M Queensland store plans

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A Mitre 10 franchisee, who has accused Bunnings Warehouse of misusing its market power, wants an order from the court shielding it from any adverse costs orders in its David and Goliath battle.

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Real estate firm loses fight with ATO over service fee deductions

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Two units of Queensland real estate firm Coronis have lost a fight with the tax office over service fee deductions claimed for payments to related entities for the use of the Coronis trade mark, among other trust assets.

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Used car owners can sue for reduction in value damages in Ford class action

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Deciding an issue that might take a class action against Ford to the High Court for a second time, a judge has found that used car owners can sue under the same consumer guarantee as someone who bought a new car. 

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Westpac CEO ordered to court after bank seeks to ‘defend the indefensible’

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A judge ordered Westpac’s CEO to front court over the “unconscionable” actions of mortgage subsidiary St George Bank in refusing to reverse an adverse credit record from a customer short $44.11 on her mortgage payments.

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