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The liquidator of a company created to invest in an Adelaide building has failed in a High Court bid to reinstate a finding that the mortgage over the property was an unreasonable director-related transaction.
Jabiru can expand case over pulled finance for Australia’s first satellite
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Defunct telecommunications company Jabiru Satellite can add new claims to its suit against major banks for withdrawing support for Australia’s first satellite, but it can’t put on a case that the lenders were “shadow” directors.
Government to award $500M in green iron grants
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The Albanese government has launched a program lo award $500 million in grants for green iron projects, in a move to decarbonise one of the world’s most carbon-intensive industries.
Clayton Utz recruits private equity pro from Allens
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Clayton Utz has snagged a senior partner from Allens’ mergers and acquisitions team to become its head of private equity.
Judge flags possible referral to legal watchdog in EY, Alvarez & Marsal suit
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A judge has flagged the possibility of referring lawyers acting for Alvarez & Marsal to the legal watchdog after hearing the consultant’s costs of complying with preliminary discovery orders won by Ernst & Young could top $500,000.
Class action must wait for damages in competition case against Apple, Google
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A judge has put off deciding what damages group members are owed in two class actions against Apple and Google after finding the tech companies engaged in anti-competitive conduct in the app marketplace.
Mulpha can’t strike out class action over Mulgoa Rise development
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The developer of a 683-lot project in Glenmore Park, NSW has lost its bid to strike out parts of a class action by owners and investors alleging the land on which the development sits is unsuitable for residential construction.
Former client accuses Shine Lawyers of suing wrong defendant
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Shine Lawyers has been hit with a negligence suit by a former client who says he lost the chance to recover damages in a personal injury case after the firm sued the wrong party.
ASIC appeals strike-out failure in Clive Palmer case
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ASIC is trying again to strike out mining magnate Clive Palmer’s case over examinations conducted by the corporate regulator, after a judge found the case was sufficiently clear.
Woodside’s North West Shelf extension wins final approval
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Woodside has won government approval for the 40-year extension of its North West Shelf project, subject to conditions that include protecting the World Heritage listed Murujuga rock art.