Please login to bookmark Close
Builder Leda Constructions has lost its bid for injunctions that would prevent the principal in a $4 million building contract from calling on two bank guarantees worth $101,553 each.
Cudeco class action judge ‘extremely concerned’ about evidence delays
Please login to bookmark Close
Pointing to a pattern of non-compliance with his orders, a judge hearing a shareholder class action over the collapse of mining company Cudeco has expressed concerns about “significant” delays in the case.
Judge rails against ChatGPT use by former Neometals exec
Please login to bookmark Close
The judge overseeing a whistleblower suit by the former head of recycling at Neometals has chastised the executive for using ChatGPT to prepare an unsuccessful stay application.
New merger review regime takes effect, with last-minute changes
Please login to bookmark Close
Reforms to Australia’s merger review regime kicked in on 1 January, but late-breaking amendments to the new laws mean changes to notification thresholds and further exemptions.
WiseTech to sell off Expedient Software amid ACCC concerns
Please login to bookmark Close
WiseTech has agreed to divest logistics software company Expedient, which the ACCC said the Richard White-founded company acquired before the regulator had completed its competition review.
Australian Unity hit with $7M penalty for failing to properly vet investors
Please login to bookmark Close
A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.
Arnold Bloch Leibler won’t be kicked off dispute over property exec’s estate
Please login to bookmark Close
A court has found that two of the three heirs to the owners of property investor Kurtz Group can continue to use the services of Arnold Bloch Leibler, finding no risk of conflict.
ASIC sues BDO, director over audit reports for Dubber
Please login to bookmark Close
The corporate cop has sued BDO Audit and director Dean Just in the Federal Court over alleged false and misleading reports it made for ASX-listed software company Dubber.
Binance agrees to $10M penalty in ASIC case, but judge wants more info
Please login to bookmark Close
Binance has agreed to a $10 million penalty in ASIC’s case alleging the defunct crypto firm misclassified retail customers as eligible to invest in risky derivatives, but a judge wants more details before approving the deal.
APRA hits super trustee Diversa with additional licence conditions
Please login to bookmark Close
Fresh off being sued by ASIC for investing $300 million into Falcon Capital’s failed First Guardian Master Fund, super trustee Diversa has been hit with additional licence conditions by the prudential regulator.