A luxury Aqualand development in Milsons Point can’t undo a $10.6 million freezing order granted to the owners corporation to address the risk that funds would be unavailable to meet its claim for damages to remedy alleged defects.
Lendlease has filed an appeal after it failed in its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, in a high-stakes challenge set to be heard later this year.
Fund manager Realside and other leaseholders have launched proceedings against M3Property and a valuer, alleging tenants of Rundle Mall in Adelaide have been overcharged for rent since 2006 as a result of consistently flawed valuations.
Lendlease’s $500 million residential project in Sydney’s eastern suburbs known as One Darling Point has secured development approval from the NSW government in just five months.
US private equity firm KKR will acquire agriculture infrastructure firm ProTen from superfund Aware Super, in a deal valued at around $1.3 billion.
Two Shaw & Partners advisers who won $580,000 in penalties and compensation against former employer Fortrend Securities face fresh litigation seeking to quash their demands for payment.
Derrimut Health and Fitness has challenged the Australian Taxation Office’s rejection of its bid to pay a $14.6 million tax debt in installments.
ASIC has filed action against Delta Electricity, owner of the Vales Point coal-fired power station in NSW, alleging “deliberate and calculated” manipulation in the market for electricity futures contracts.
The corporate regulator has taken a provider of small loans to court after it allegedly monitored and removed funds from consumers’ bank accounts without their knowledge.
Maurice Blackburn’s costs in running a ‘junk’ insurance class action which settled for $34 million will not be fully covered under a 25 per cent group costs order, a court has heard.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
