An email to lawyers at Clifford Chance relied on to show investor Fiona Lock’s understanding of a contested $150 million profit sharing deal with trading platform Pepperstone did not open the door to further correspondence.
Former Victorian Liberal Party leader John Pesutto has been hit with a bankruptcy notice after failing to pay $2.3 million in costs in MP Moira Deeming’s defamation suit over statements implying she had links to neo-Nazis.
Insurance Australia Limited and Insurance Manufacturers of Australia have denied a class action’s claims that they misled insurance customers about loyalty discounts by calculating their premiums using an algorithm designed to maximise renewals.
Construction group Roberts Co owes unsecured creditors almost $100 million, a court has been told as administrators secure more time for the builder’s founder to pitch a restructuring deal.
Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right.
Although Meriton’s contractor prevailed in a cladding spat over Brisbane’s Infinity Tower, the owners corporation’s arguments were not at all stages “without merit”, a QCAT member has said in declining to award the builder its costs.
The federal government has taken steps towards granting feasibility licenses for two offshore wind farm projects in Western Australia.
Real estate debt asset manager Madigan Capital has closed a $625 million loan to fund the development of a 580,000sqm industrial estate in Western Sydney.
Investors who alleges they were misled about a Melbourne apartment development have reached a $2.5 million settlement in class action proceedings.
Penalty proceedings in ASIC’s case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial.
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