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Sydney Markets former CEO hit with $1.4M in freezing orders
A court has slapped freezing orders against the sacked CEO of Sydney Markets, who is accused of misappropriating company funds to the tune of $1.4 million.
Construction PRO
ABD Group liquidators win more time for $23M voidable transaction claims
Liquidators of the ABD Group of construction companies have won a brief reprieve from the three-year limitation period to launch voidable transaction cases worth up to $23.2 million.
Construction PRO
$7M suit over asbestos-tainted mulch in Sydney parks on ice pending criminal pleas
A NSW Supreme Court judge has stayed civil proceedings relating to asbestos-contaminated mulch found in parks across Sydney amid ongoing criminal proceedings.
Construction PRO
Modco liquidators can pursue different unfair preferences claims in ‘mothership’ case
The liquidators for defunct Perth builder Modco Residential have won court approval to bring claims for unfair preferences and unreasonable director-related transactions against multiple defendants in one "mothership" case.
No loss proven in CBA cases, but all is not lost for shareholder class actions
In explaining where CBA shareholders went wrong in proving damages from the bank's omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.
Construction PRO
CorVal sells Gold Coast Corporate Centre for $109M
Property fund manager CorVal has sold off the balance of the Gold Coast Corporate Centre in Bundall for $109 million, in the city's largest ever office deal.
Tyro class action settlement administrator’s ‘extraordinary’ threat to quit backfires
A judge has refused a bid for more money to distribute a $5 million settlement in a class action against Tyro and has barred the scheme administrator from resigning without the court's leave, after he threatened to quit.
Lendlease says legal advice, ATO communications privileged in ex-GHSF partner’s case
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.
Canva inventions might be useful, but no method of manufacture, IP Australia says
IP Australia has rejected two patents by online graphic design company Canva, with a delegate dismissing the company's argument the computer-implemented patent applications claim a manner of manufacture.
Construction PRO
Dexus entitled to have spat over Bragg Centre lease heard by court, judge says
A judge has refused to stay a lease dispute between landlord Dexus and South Australia's premium medical research centre in favour of a contractual dispute resolution mechanism, saying it would be “unjust” to deprive Dexus of a court hearing.