Industries

Collapsed Sydney building company Novati Constructions reportedly owes up to $50 million to more than 50 creditors.

The Parramatta Eels and National Rugby League player Zac Lomax have reached a settlement in a contract dispute over his plans to join the Melbourne Storm.

NAB super fund trustee NULIS Nominees had no power to continue charging members for $165 million in fees to pay adviser commission after conflicted remuneration was banned in 2016, an appeals court has heard.

The High Court has been asked to undo a stay granted to gas giants Esso and Woodside in a lawsuit related to a project for extracting hydrocarbons in the Bass Strait.

The University of Sydney has won its bid to add an $80 million claim to its six-year-old case against Multiplex over alleged defects at the Charles Perkins Centre.

King & Wood Mallesons has advised Wollemi Capital on a blended finance facility provided by not-for-profit Transition Accelerator for a carbon credit reforestation project in Western Australia.

Developer Vantager has been ordered to sell off six properties to satisfy a judgment debt and compensate buyers who overpaid for a Denham Court property by more than $34 million due to what the court called the developer's "brazen fraud and dishonesty". 

Corporate advisory firm Cadence has left court worse off after bringing a defects suit against a builder and subcontractor on a residential development in New South Wales’ south coast, with the builder winning a $140,000 judgment on its cross-claim.

Mineral Resources has won a bid for more documents in its fight with the Pilbara Ports Authority over the validity of a channel charge. 

The ACCC has narrowed the number of local sites in its sights as part of an assessment of Ampol's $1.1 billion acquisition of EG Australia, but the "metropolitan-wide" effects of the merger in four major cities are under the microscope.