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‘Chorus of deflections’: ASIC slams Star board’s ‘apathy’ over AML/CTF breaches
Star Entertainment's management and board cannot shirk responsibility for turning a blind eye to money laundering risks by pointing the finger at each other, ASIC has told a court.
Dovetail denies harassment claim, says lawyer had ‘consensual loving relationship’ with CEO
Dovetail has hit back at a lawsuit alleging its boss sexually assaulted the tech start-up’s female legal counsel, claiming it was a “consensual loving relationship”.
Mayfield’s case over NSW Ports agreements lands at High Court
Mayfield Development's competition case against NSW Ports over agreements to privatise two ports has made it to the High Court, with the developer pressing its argument that derivative Crown immunity did not apply to the port authority.
Construction PRO
KWM-repped Stonepeak acquires major stake in IOR Group
Infrastructure and real asset investment firm Stonepeak has entered a deal to acquire a 75 per cent interest in Queensland-based commercial fuel and logistics provider IOR Group.
In loss for ASIC, Full Court finds crypto currency provider did not need AFSL
The Full Court has granted a cross-appeal by crypto currency provider Block Earner, finding its did not need a financial services licence because its crypto product is not a financial product.
Trial pushed off in sprawling litigation over Greensill collapse
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm's administrator.
Westpac looks to shield Allens chronologies in AUSTRAC class action
Westpac is arguing timelines prepared by law firm Allens are privileged and should not be handed over in a shareholder class action over its alleged lax compliance with anti-money laundering laws.
Construction PRO
Hastie liquidators get court OK to fund cases against Hall & Wilcox
Hastie's special purpose liquidators have won court approval to enter into a further funding agreement as it pursues cases against Hall & Wilcox, which previously represented the collapsed engineering firm.
Developer Mayfield loses appeal in competition case over NSW Ports deal
An appeals court has dismissed a competition case by Mayfield Development against NSW Ports over agreements to privatise two ports, finding that derivative Crown immunity applied to the port authority.
Construction PRO
Domain to recommend shareholders approve $2.8B CoStar acquisition
Domain has announced it will recommend shareholders vote to approve a takeover by US real estate company CoStar that values the real estate listing site at $2.8 billion.