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Equatorial Launch says former CEO can’t call on $5M in convertible notes
Employment 2025-01-28 11:56 pm By Andy Sidler

Space company Equatorial Launch Australia, which is facing an unfair dismissal from its former CEO, has told a court that solvency issues mean the former executive cannot call on $5 million in convertible notes.

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Non-bank lender Firstmac hit with $8M penalty for DDO breaches
Financial Services 2025-01-24 10:23 pm By Andy Sidler

The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.

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‘No flight risk’: ASIC can’t get travel ban on fund manager in probe over $35M
ASIC 2025-01-24 11:04 pm By Andy Sidler

Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.

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Citing class action, VCAT rejects MP’s bid for hotel quarantine docs
Class Actions 2025-01-24 11:51 pm By Andy Sidler

A bid by Victorian Liberal MP David Davis for documents on the state’s hotel quarantine program has largely failed, with a tribunal finding their release could prejudice an ongoing class action.

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Star to sell Sydney Event Centre for $60M
Entertainment 2025-01-29 11:36 pm By Andy Sidler

Troubled casino giant Start Entertainment has sold off its Sydney events venue to Foundation Theatres for what has been dubbed a fire sale price of $60 million. 

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Court won’t restrain work on Healesville Railway Line reconstruction
Construction 2025-01-28 11:03 pm By Andy Sidler

Residents of a property near the historic Healesville Railway Line have failed in their bid to halt works proceeding on weekends and out of hours, with a judge calling their complaints “oversensitive”.

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Law Council backs targets to close workplace gender gap
Employment 2025-01-22 11:55 pm By Andy Sidler

Australia’s peak legal body has come out in support of the Albanese government’s gender equality targets bill, but called for guidance on what is a “reasonable excuse” for non-compliance.

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Court fight erupts over coverage for cyclone damage to lux Hamilton Island development
Construction 2025-01-23 5:01 pm By Andy Sidler

The owners of a Hamilton Island resort are facing a potentially lengthy legal battle after suing their builder and its insurer over $20 million in allegedly defective rectification works completed after Cyclone Debbie.  The villas owned by Great Barrier Reef Yacht Club Villas were damaged in the March 2017 cyclone, after which Insurance Australia Limited…

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Perth solicitor wins $160,000 in defamation case against former clients
Defamation 2025-01-21 4:00 pm By Andy Sidler

A lawyer has won a $160,000 defamation judgment against her former clients over defamatory emails sent to members of the government and the legal profession.

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Pilatus wins discovery for potential IP suit linked to Air Force contract
Intellectual Property 2025-01-21 11:21 pm By Andy Sidler

Swiss aircraft manufacturer Pilatus has won discovery to pursue a possible copyright claim stemming from a Royal Australian Air Force flight simulator contract.

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