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Venture capital firm EVP has added 20 parties to a lawsuit seeking to recoup its $10.4 million investment in Strongroom AI, as a judge extended freezing orders against directors of the med-tech start-up.
Builder Devakon hit with $120K judgment for defects in Malvern development
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Builder Devakon has been ordered to pay $120,000 to remedy defects in an apartment development in the Melbourne suburb of Malvern East, dodging the owners’ bid for damages of almost $1 million.
Cobolt fights Duke developer’s recourse to security in feud over project
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The builder of the Duke apartment complex in the inner city Melbourne suburb of Collingwood wants a court to block the property developer from accessing a bank guarantee as their dispute over the project continues.
Santos must hand over info in activist’s challenge to Reindeer gas field plan
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Santos has failed to convince a judge that it should not provide documents relied on by NOPSEMA to approve the company’s environmental plan for its Reindeer gas field in judicial review proceedings.
JY Group puts down $318.6M for stake in Bankstown Central shopping centre
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Real estate investment manager JY Group has acquired a 50 percent stake in the Bankstown Central shopping centre in Sydney’s south-west for $318.6 million.
Group opposing Bucketty’s Brewery pub dodges bid for security
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Bucketty’s Brewery has failed to convince the NSW Land and Environment Court to order security against a community group seeking to overturn a local council’s approval of the brewery’s plan to build a new pub and cafe.
Court finds Argentina validly served in suit to enforce $24.3B judgment
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Two minority shareholders in Argentina’s state-controlled oil company have won a dispute over service in their case seeking to enforce a $24.3 billion judgment awarded in a US court.
Optus alerted to triple zero outage hours before restoring service, CEO says
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Two Optus customers alerted the company to a triple zero outage , during which four people died, hours before the telecommunications provider restored the emergency service, CEO Stephen Rue has revealed.
Class action against Murray Darling Authority can tweak case mid-trial
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A class action alleging negligent management by the Murray Darling Basin Authority can amend their case four weeks into trial, with a judge finding the late application was not the result of a “deliberate forensic decision”.
ASIC head Joe Longo to depart at end of term
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Australian Securities and Investments Commission chair Joe Longo will hang up his badge after his term as head of the corporate cop ends in eight months.