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Construction PRO
Victoria’s State Revenue Office has lost its challenge to a decision for shopping centre landlord Vicinity Funds, which quashed a $82.5 million stamp duty assessment on land occupied by Myer and the Lonsdale St Emporium.
Melbourne stockbroker Fortrend Securities has lost its bid to stay orders that it pay $621,000 in compensation and penalties as well as $2 million in legal costs after two financial advisers who jumped ship to Shaw & Partners won their case over withheld bonuses.
Construction PRO
The operator of a planned private hospital in Townsville has lost a strike-out bid in a lawsuit alleging landowner Centuria Healthcare and developer Lautaret failed to carry out construction in accordance with a lease agreement.
A former EY partner has lost his appeal in a fight with National Tiles over an alleged $1 million lost opportunity to acquire shares, despite the court finding the tiling retailer breached the cooperation terms of the agreement.
A shareholder class action against Arrium directors and auditor KPMG over the $4 billion collapse of the steel manufacturer is seeking to amend its case, saying a “misreading” of the original pleading is no basis to refuse the application.
Construction PRO
A class action against developer Mulpha Norwest and the Penrith City Council over a 683-lot development in Glenmore Park will include secondary and tertiary purchasers, a court has heard.
A class action against developer Mulpha Norwest and the Penrith City Council over a 683-lot development in Glenmore Park will include secondary and tertiary purchasers, a court has heard.
Auditor BDO has asked the court to stay ASX-listed software company Dubber’s negligence suit over $26.6 million in alleged missing funds while a parallel case by ASIC over alleged false and misleading financial reports is on foot.
Construction PRO
Contractor Civil & Civic Corporation has lost an appeal against construction firm Nova Builders over an alleged mistaken payment for work done on a lakeside townhouse development in Canberra.
Star's former group general counsel has told a judge she should not have to pay a $1.1 million fine for breaching her directors duties because she has suffered “extra-curial detriment” that includes unemployment.