ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”.
Atlantic Nickel has lost a challenge to further amendments to a case by failed suitor Mining Services International that alleges it lost the opportunity to purchase a Brazilian mine now valued at over $1 billion.
Whitehaven Coal, which is locked in a fight with two conservation groups over the Winchester South coal mine in Queensland, has fought off an application for disclosure of internal climate risk documents created by a related entity.
Investment firm Alceon and retail consultancy Aktiv have acquired major Gold Coast shopping centre The Strand Coolongatta for $142 million, with plans to upgrade the site.
Singapore-based real estate investment manager Frasers has offloaded an office tower on Melbourne’s Collins Street for $195 million in a strategic exit from the city’s “challenging” office sector.
A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.
Private equity firm Goldstone has cited an “irretrievable breakdown” in the relationship between shareholders in seeking to appeal a ruling that found it liable for oppression.
The ACCC will not oppose the Omnicom Group’s planned $21 billion acquisition of The Interpublic Group of Companies, with the regulator finding the transaction was not likely to substantially lessen competition.
Legal experts say climate-related litigation will continue — and even increase — despite a judge’s dismissal this week of a class action by Torres Strait Islanders alleging the government was negligent in failing to protect them from the harmful effects of climate change.
A judge has found that there is no need to revise the 27.5 per cent group costs order secured by Slater and Gordon following the consolidation of two class actions against Insurance Australia, despite the likelihood of a larger payout to the firm.
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