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Construction PRO
Property developer Bathla has entered voluntary administration, citing a reduction in sales, high construction costs and falling confidence in key markets.
A director of defunct Arrium has told a court he didn't believe it was necessary to revisit the steelmaker's iron ore price assumption before approving the company's 2014 accounts, even after the price fell significantly.
Sequoia Financial subsidiary Interprac has won access to internal AFCA documents, as it pursues action against the financial complaints watchdog over determinations linked to the defunct Shield and First Guardian investment funds.
On his fourth day giving evidence in a shareholder class action trial, Arrium’s former CEO has denied that the company relied on overly optimistic assumptions when making forecasts about its business, despite a history of missed targets.
Construction PRO
A Western Sydney landowner has secured a partial win in its challenge to the valuation of land compulsorily acquired for the M12 Motorway.
Construction PRO
A surveyor who approved the use of combustible cladding on developments in Prahran, Brunswick East and Glen Iris has successfully challenged a disciplinary action that resulted in a suspension and $20,500 fine, with a tribunal finding he did his due diligence.
Property listings giant Domain plans to attack the validity of a Deloitte report which was used to support competitor REA Group’s claim that it attracts the buyer for 9 in 10 homes sold, a court has heard.
Collapsed steelmaker Arrium's former chief executive has testified during a shareholder class action trial that a five-year business plan projecting a 'V-shaped' turnaround was not an unrealistic pipe dream.
A massive dip in the price of iron ore in 2014 did not ring alarm bells for failed Arrium's then CEO, a court has heard, with the former boss denying that a capital raising that year was an urgent measure in the face of the potentially 'catastrophic' drop.
A judge has knocked back a class action’s bid to revise its claims against KPMG and former Arrium directors mid-trial, saying the amendments made for a "vastly different" case.