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Hyde Park developer, RSL settle $95M payment dispute
The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.
Full Court asked to rule on reasonableness of financial advisors’ non-competes
Two former employees of financial services firm Monarch Advisory have appealed a ruling that awarded their former employer $270,000 in damages after they were found to have breached a non-compete agreement.
Payday lenders BSF, Cigno lose appeal in ASIC case
Payday lenders BSF Solutions and Cigno have lost an appeal in action by ASIC alleging they engaged in unlicensed credit activity and charged prohibited fees, in the case's second run up to the Full Federal Court.
Mayfair’s conduct ‘cannot be laid at the door of any lawyers’: judge
A judge has criticised Mayfair Group’s “directing mind” James Mawhinney in a do-over of ASIC’s case over notes tied to Mission Beach properties, saying “vociferous and continuous efforts” to blame others, including lawyers, for investor losses did not reflect well on him.
Fight over Machiavelli restaurant matriarch’s will leads to ‘outrageous’ legal costs
Following the death of the 85-year old founder of famed Machiavelli Ristorante in Sydney, siblings Paola Toppi and Walter Toppi have racked up almost $1 million in legal costs fighting over the $2 million estate.
ASIC wins $3.5M penalty over funeral insurer’s ‘Aboriginal owned’ claims
Funeral insurer ACBF has been hit with a $3.5 million penalty for “callous” and “egregious” misrepresentations to Indigenous customers that its business was Aboriginal owned or managed.
Construction PRO
‘Unacceptable’: Court says Sydney can’t afford loss of Paddington boarding house
A court has described a plan to demolish a 32-room boarding house for the construction of four luxury residences in Paddington as an "unacceptable loss" of affordable housing in inner-city Sydney.
Mercedes-Benz dealers come up short in appeal of $650M lawsuit loss
Mercedes-Benz dealers have lost their appeal of a decision tossing their $650 million suit, with the Full Court backing the primary judge’s rejection of a "moralistic" approach to unconscionable conduct.
Construction PRO
Dyldam settles case over $74M sale of Paramatta development
Dyldam Developments has won approval to settle a case by the liquidator of a special purpose vehicle over the proceeds of a Paramatta development that sold for $74 million -- bolstered by major shareholder Persephone’s "gritted teeth" backing.
Construction PRO
Contradictor allowed in Optus appeal over telco tower development
A judge has allowed a Central Coast resident to weigh in on Optus’ challenge to a council's refusal to bless its plans to build a telecommunications tower, saying the council’s “commercial relationship” with the telco justified a contradictor.