Judge ends Keybridge administration, finds company is solvent

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After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company’s administration after it provided a letter of comfort and offer to fund its debts.

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Clive Palmer files appeal in failed suits against ex-ASIC chair James Shipton

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Clive Palmer has appealed a court’s decision to toss his lawsuits against former Australian Securities and Investments Commission chair James Shipton alleging he acted in bad faith when the regulator filed criminal proceedings against him.

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ASIC secures winding up orders against Falcon Capital

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ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors. 

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Major projects, subcontractors could be ‘imperiled’ if Roberts Co Victoria was liquidated: judge

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A judge has given the Victorian unit of Roberts Co more time to put forward a deed of company arrangement that would save the builder from liquidation, noting liquidation could imperil its projects and subcontractors, who could not bring claims under the SOP Act if it was insolvent. 

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Woolworths unit wins fight with council over look of Broadmeadow store

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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Newcastle council’s concerns about the street appeal of a Woolworths development have been brushed aside, with a court finding that reasonable minds may differ on the question of ‘high visual quality.’ On Tuesday, Justice John Robson of the NSW Land and…

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Kent Projects can’t escape fraud claims by CFMEU

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The engineering company behind the world-first Kwinana energy transformation hub in WA has lost a bid to strike out fraud claims from a case by the CFMEU over an enterprise agreement covering maintenance workers.

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New apartment construction figures sink to 13-year low, data shows

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Indicative of Australia’s housing crisis is new data showing a drop in apartment construction, according to the country’s peak building group, with last year the worst for higher-density home building since 2011.

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