Administrators of construction company Roberts Co Victoria, which owes $272 million to 470 creditors, are justified in treating funds as if held on trust for subcontractors on six projects in Melbourne, a judge has found.
A geological consultant for gold mining company Beacon Minerals has pleaded guilty to insider trading, while a former project manager for the company maintains he is not guilty.
Sandoz has accused Amgen of ‘dragging the chain’ as the Swiss biotech continues to mull whether to launch infringement proceedings over six patents for its Prolia and Xgeve bone disease biologics.
The competition regulator will not oppose waste management company Cleanaway’s $110 million acquisition of Citywide Waste, saying the tie-up was unlikely to substantially lessen competition for waste services in Melbourne.
A litigator with the corporate regulator has returned to private practice, joining BigSix firm MinterEllison as a partner on the dispute resolution team.
ASIC has taken Macquarie Securities to court alleging it failed to accurately report at least 73 million short sales over a period of 14 years.
Law firm Holding Redlich has brought proceedings against former Keystone director Paul Chiodo over $327,000 in legal fees, after acting in ASIC proceedings that raised “grave concerns” that he improperly spent investor funds.
Deakin University is suing builder Hanson Yuncken seeking $14.3 million for alleged defects on a building at its Burwood campus.
Lendlease has told a court that documents relied on by an ex-Greenwoods and Herbert Smith Freehills partner in his case contain privileged legal advice and without prejudice communications with the Australian Tax Office.
The head company in the Roberts Co construction group has gone into administration after its NSW arm was sold off to UAE-based developer Arada earlier this month.
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