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Credit ratings agency Fitch has lost its bid for financial information about three Lloyd’s insurance syndicates which are providing after-the-event coverage in a class action over synthetic collateralised debt obligations.
Construction PRO
A judge has granted a bid by Martinus Rail to stay the enforcement of a $26 million judgment in a dispute with Qube over Sydney’s $4 billion Moorebank Intermodal Terminal, saying it was a practical solution in light of the “ongoing litigious saga” between the parties.
Construction PRO
A judge has hit the liquidators of failed construction giant Ralan with costs following an adjourned hearing, but declined to find the use of AI was cause for an adverse costs order.
Construction PRO
The owners corporation of an apartment complex in the Sydney suburb of Burwood are suing for at least $1.3 million over alleged fire safety defects.
Construction PRO
A judge has approved a bid by the plaintiffs in a class action over the compulsory acquisition of land for Sydney’s $16 billion WestConnex to discontinue the case, after a breakdown in their relationship with the funder.
The AFL might be dragged into a competition case by trading card company Select Cards accusing memorabilia maker SEP of misuse of market power, a court has heard.
A judge has set down the start of trial in Greensill investor White Oak's case against Insurance Australia Group, as the insurer finalises its settlement with Credit Suisse and UBS over the collapse of the supply chain funder.
Slater & Gordon has avoided calls for $6.5 million in security in its class action against Star Entertainment, with a judge saying the evidence fell well short of establishing a risk the firm could not foot the bill if it loses.
Construction PRO
A judge has stayed Built's case against the state of NSW over a school project, finding a $500,000 litigation threshold in the state's standard construction contract applied to each dispute referred to an expert.
Construction PRO
Tasmania’s electricity network operator has sued its battery supplier after terminating a supply contract four days before performance was due, alleging anticipatory breach.