Investors in an apartment development in Melbourne have brought a class action against the responsible managers for two managed investment schemes, alleging their funds were misused.
A client of EY has sued a former partner at the firm, accusing them of collecting $700,000 in secret payments as part of a tax loss scheme.
A judge has refused to add 27 new plaintiffs to a quasi group proceeding against a Canberra developer brought in the ACT, where class actions are not permitted, saying the law firm running the case must first gets its “pleading house in order”.
A class action over the Victorian government’s decision to redevelop the state’s public housing towers has asked the court for an injunction blocking demolition of three towers in inner city Melbourne, as the state foreshadows a bid to summarily dismiss the case.
The ACT government has argued the Federal Court cannot hear a class action brought on behalf of public housing tenants who were allegedly forced to relocate.
Mining giant Clive Palmer has asked the High Court to hear his challenge to a court’s finding that lawsuits he brought challenging two criminal cases against him over a takeover bid and payments to his political party were themselves an abuse of process and should be stayed.
The Australian Competition and Consumer Commission has raised concerns about the owner of realestate.com.au acquiring a national forms platform used by real estate agents, saying it could “significantly harm competitors”.
The former managing director of property developer Ralan Group has been sentenced to four years immediate imprisonment after pleading guilty to six fraud offences over loans the defunct group took out to fund several projects in Sydney.
Ashurst has bolstered its Sydney real estate practice with the appointment of a new partner, who joins from King & Wood Mallesons.
Two former directors of a Canberra property development group have lost their bid to bar ASIC from announcing their disqualification, with a tribunal finding this would keep financiers and creditors “in the dark” and make the market less transparent.