Shelley Scott

A Sydney developer who claims his solicitor provided faulty advice relating to a financing facility for a project that went into receivership has been granted access to documents from the lawyer.

An appeals court has reversed a decision awarding $2.1 million to Calibre, the builder of the 'Sky Gardens' residential development in Ryde, finding developer Kalorizkio had validly offset the claim.

Ray White has secured a stay of examinations of its employees, as a creditor of FSM Development investigates claims the real estate agency's loan agreement with the collapsed Sydney developer was uncommercial.

A judge has rejected developer Kaloriziko's claim that a property deal involving related parties extinguished a $2.12 million liability to a builder in relation to the construction of the 'Sky Gardens' residential development in Ryde, NSW.

A judge has found that former Orix CEO John Carter is not entitled to make claims under a D&O policy, saying he fraudulently failed to disclose to Chubb the payment of alleged secret bribes.

An appeals court has backed a decision awarding carriage of a shareholder class action against Downer EDI to two firms that joined their cases, rejecting an argument that it would encourage races to consolidate.

Appellate guidance is needed on whether a history of cooperation between law firms that brought competing class actions can be the deciding factor in a close carriage contest, the Victorian Court of Appeal has heard.

Two law firms that were able to "work cooperatively" to join their cases have been awarded carriage of a shareholder class action against mining firm Downer EDI. The judge overseeing the proceedings also approved a group costs order application that proposed a "reasonable rate" of return to the firms.

The field of competitors in a four-way contest to run a shareholder class action against Downer EDI over a $40 million profit overstatement has narrowed with the consolidation of three cases, leaving one firm to face criticism over its comparative inexperience running group proceedings. 

An appeals court has dismissed a challenge by Veritas Advisory principal liquidator David Iannuzzi to the admissibility of evidence submitted by the Australian Taxation Office in the agency's case seeking compensation and a 10-year ban.