Dyldam Developments has won approval to settle a case by the liquidator of a special purpose vehicle over the proceeds of a Paramatta development that sold for $74 million — bolstered by major shareholder Persephone’s “gritted teeth” backing.
A liquidator has opened his case over the alleged misuse of funds by now defunct Dyldam Developments, as the court hears of “oddities” in financial records and the spaghetti-like structure of 157 interrelated entities.
Mastercard has pushed back on the ACCC’s argument that it waived privilege over communications with lawyers, saying it would “take the law of waiver to a place it has never been before”.
Russell Kennedy has bolstered its property practice, luring lawyers from Johnson Winter Slattery and Colin Biggers Paisley.
A judge has warned that an interlocutory privilege skirmish in the consumer watchdog’s misuse of market power case against Mastercard could “spiral out of control”.
Developer Infinity can’t stay a case by the liquidators of collapsed developer Crown Group seeking to sell the land for their failed joint venture for a luxury residential tower in Melbourne’s Southbank, with a judge finding a dispute resolution clause in their agreement was too vague to be enforceable.
Professional services giant KPMG has reached a settlement in a shareholder class action over the failure of mining company Cudeco.
A new statutory tort targeting serious invasions of privacy came into effect on Tuesday, raising new risks for companies, including publishers.
The ACCC is again trying to fend off a strike-out bid by Facebook owner Meta in its case over cryptocurrency ads, arguing Meta has built a system in which the misleading ads can flourish and is not an “innocent bystander”. The regulator lodged the case in March 2022, alleging it breached the Australian Consumer Law…
Parkview Constructions has reached a settlement in an owners corporation’s lawsuit over allegedly combustible cladding at the Australia Towers in Sydney Olympic Park.