Judgment

A company owned by pub baron and former KPMG partner Jon Adgemis has lost its bid to set aside a $5 million default judgment over a 2020 loan agreement.

A liquidator for the defunct developer of a controversial south Sydney apartment building has won a bid to extend the time to bring potential voidable transaction proceedings.

Pitcher Partners has won its bid for a separate hearing on whether the liquidator of collapsed IT company Titan Interactive is entitled to any relief on its claims the accounting firm breached its duty of care in providing tax advice.

A judge has signed off on a $9 million penalty against online flight bookings service Webjet for misleading air travelers about prices and bookings.

A judge has ordered the sales proceeds of Western Sydney properties linked to former Dyldam director Sam Fayad to be paid into court, saying there was an arguable case that the sales were intended to defraud creditors.

The Full Court has rejected ASIC's appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money. 

Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.

A judge has called the conduct of proceedings concerning a service station business “atrocious” and dismissed the claim after it was on foot for six years.

Dyldam Developments' former boss Sam Fayad and his two sons have been ordered to pay over $50 million in a case by the liquidator of a special purpose vehicle claiming company funds were misused.

A superintendent on a $25 million Melbourne project had no power to make an adjustment to a payment claim for purported cost overruns that left the builder owing more than the value of its claim, a judge has held.