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Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium plan to terminate a $53 million agreement to buy out Star Entertainment’s stake in the Queen’s Wharf entertainment project in Brisbane.
Roberts Co creditors vote in favour of founder’s DOCA pitch
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A restructuring proposal by the founder of Roberts Co has won the approval of creditors of the developer, which are owed a total of $100 million.
Building materials giant CSR hit with misuse of market power case
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Saint Gobain-owned CSR faces litigation by an independent building insulation distributor alleging it abused its dominance by upping prices during the pandemic.
iProsperity liquidators win OK for retainer to pursue $45M claim against Crown
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Liquidators for iProsperity have been given the greenlight to enter into retainers with Norton Rose Fulbright to pursue claims against the defunct property group’s general manager and Crown Melbourne.
NSW landlords to face penalties for doctoring rental photos
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Under proposed reforms to NSW tenancy laws, businesses that publish misleading photographs of rental penalties will face penalties of up to $22,000 and face new requirements for securing renters’ personal data.
Jones Day nabs real estate pro from Clayton Utz
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Jones Day has lured a real estate expert from Clayton Utz to join its Brisbane office as a partner.
Class action against University of Newcastle says course left students unemployable
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The University of Newcastle has been hit with a class action alleging students were misled into studying an engineering degree that lacked professional accreditation and left them unable to apply for employment.
GM says class action ‘fishing’ for unknown design flaw in Holden cars
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General Motors has moved to strike-out a class action over allegedly faulty transmission systems in Holden cars, arguing the plaintiff needs to plead the alleged design flaw with specificity, not just by reference to symptoms.
ASIC takes action against companies of steel baron Sanjeev Gupta
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The corporate regulator has brought action against three companies in Sanjeev Gupta’s steel empire, alleging the businesses have defaulted on their obligations to lodge annual financial reports.
Hallucinations persist, but AI leaps ahead on legal questions: report
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A leading law firm has found general purpose large language models continue to incorrectly cite legal cases and make up cases entirely, despite marked improvements in answering legal questions.