Justice Melanie Hindman

A court has granted a rare stay over a judgment debt to the developer of a Taringa Coles shopping centre, finding if final judgment comes down in its favour, financially troubled builder Kenik may not be able to repay the funds. 

A judge has rejected a new pleading that would have upped the damages to $135 million in a case by a shareholder of failed energy company Armour Group alleging law firm Baker McKenzie was knowingly involved in a plan to take control of the company for cheap.

A shareholder and creditor of failed energy company Armour Group will have to front $3.5 million in security in its case against law firm Baker McKenzie and others ahead of an upcoming trial.