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Construction PRO
Property developer Villawood has asked a judge to allow it to share documents from a fraud case against its former director with the Australian Federal Police, over alleged actions the judge called “deeply troubling”.
The corporate cop is calling for a $10.5 million penalty against Sunshine Loans in its unauthorised fees case, saying the payday lender's approach to the enforcement action was an example of "scorched earth" litigation.
Construction PRO
A company incorporated to manage a development in regional Victoria has lost its bid to withdraw admissions in a case by property developer Villawood alleging a former director engaged in a fraudulent scheme to divert management fees.
Construction PRO
Vietnamese airline VietJet has lost its appeal against the registration of a $254 million judgment in a dispute over payments for the leasing of Airbus A321 passenger jets.
MinterEllison and Clayton Utz have confirmed cuts to the number of business operations jobs at the firms but deny the increasing adoption of AI tools was a factor.
Construction PRO
Ingenia Communities has rejected a revised $2 billion unsolicited takeover offer from private equity firm Warburg Pincus, which would require it to abandon its acquisition of land developer Peet.
The Full Court has rejected trading platform Plus500's bid to stay a class action by investors who lost money on highly leveraged contracts for difference in light of an arbitration clause in its terms and conditions, upholding a finding that the clause was an unfair contract term.
Construction PRO
A judge has agreed to recuse himself from hearing a contempt case against a director of property developer Villawood after finding last year he gave false instructions to a Mills Oakley lawyer to mislead the court.
Construction PRO
A judge has found the site of the Boroondara Tennis Centre in Melbourne should be valued at $50 million after it was compulsorily acquired for the North East Link project.
Construction PRO
Property developer Villawood has argued that a company incorporated to manage a project in regional Victoria can't withdraw admissions over an alleged fraudulent scheme by a former director to divert management fees.