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Construction PRO
The owner of Seasons of Perth Hotel has notched a partial victory in its fight with construction company Reward Group over performance bonds.
ASIC has succeeded in overturning a decision that found that Qoin issuer BPS Financial came within the authorised representative exemption with respect to agreements with Australian financial services licence holder PNI.
Toyota has hit back at claims against its newly joined Japanese parent company in a class action over alleged emission cheat devices, saying the bulk of the claims are statute barred.
A former client of Coleman Grieg has lost her challenge to alleged “exorbitant” fees charged by the law firm, with a judge also rejecting her contention that she signed costs notices under duress.
Construction PRO
In a court fight between engineering firm Clough and its former joint venture partner Elecnor, a judge has questioned Elecnor’s “extremely inconvenient” bid to send Clough’s $54 million cross-claim to arbitration in Singapore.
A judge has approved a settlement in a class action against crypto firm BPS Financial that gives group members and the funder alleged worthless Qoin, an outcome described as “better than nothing”.
Construction PRO
Developer Thousand Hills Property has won an appeal in its fight with LBA Capital over a scuttled property deal for NDIS housing, with an appeals court accepting that LBA repudiated the deal in an email sent by its former director.
A secret recording of Nine journalist Nick McKenzie speaking to a witness in the case may have been “doctored” and had to be “treated with caution,” the Full Court said Friday.
Construction PRO
Liquidators of collapsed builder Privium have won extra time to pursue potential proceedings over a number of suspicious transactions, which include unexplained payments to companies associated with a director.
The funder backing a case against Transport for New South Wales over the compulsory acquisition of land for the Westconnex project has lost its $1 million breach of contract case against the plaintiffs.