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Construction PRO
Cobalt wins injunction in fight over $8M contract for Collingwood development
The builder of the Duke apartment complex in the Melbourne suburb of Collingwood has blocked the property developer from accessing a bank guarantee, with a judge finding there were serious issues to be tried over payments under their $8 million contract.
Court calls ASIC out for ‘kitchen sink’ approach to pleadings in Mawhinney case
A judge has taken ASIC to task for pleading its remitter case against Mayfair 101 Group director James Mawhinney in minute detail, but has rejected arguments the regulator ran the proceeding in an “oppressive and unmeritorious” way.
Construction PRO
Glencore appeals wharfage fee dispute with Port of Newcastle
Glencore wants a second chance to argue its case against Port of Newcastle over wharfage fees, which it claims were excessive in light of a determination by the competition watchdog.
Construction PRO
CPB joint venture wins payment spat over Brisbane rail project
A joint venture launched to construct sections of Brisbane's new Cross River Rail station has successfully challenged an adjudicator’s order that it pay $2.7 million to a steel supplier.
Construction PRO
Court OKs Central Element’s lux Bondi Beach residential development
The NSW Land and Environment court has approved developer Central Element's plans for its $100 million 'Lamrock Avenue' luxury residential development in Bondi Beach, following a conciliation conference with the local council.
Paladin director disqualified in ASIC case over ‘entirely fanciful’ $1B valuation
ASIC has won banning orders against a Paladin and MacroLend director, with a judge finding investors were enticed by his “entirely fanciful” $1.02 billion valuation of Paladin unit Kradle Software.
Crown’s $73M shareholder class action settlement wins court OK
A court has approved Crown Resorts' $72.5 million settlement of a shareholder class action, as well as a $20 million cut for the plaintiff's law firm.
Target, Kmart accused of selling knock-off Van Cleef jewellery
The owner of luxury brand Van Cleef & Arpels has taken retailers Target and Kmart to court, alleging they infringed its trade marks and violated consumer law by selling jewellery that copy its hallmark clover and flower motifs worn by countless celebrities and royalty.
EVP drags share sale parties into case against Strongroom AI
Venture capital firm EVP has added 20 parties to a lawsuit seeking to recoup its $10.4 million investment in Strongroom AI, as a judge extended freezing orders against directors of the med-tech start-up.
Construction PRO
Builder Devakon hit with $120K judgment for defects in Malvern development
Builder Devakon has been ordered to pay $120,000 to remedy defects in an apartment development in the Melbourne suburb of Malvern East, dodging the owners’ bid for damages of almost $1 million.