Maddocks

The corporate regulator is seeking penalty and disqualification orders against a financial adviser whose businesses allegedly earned $37 million for spruiking the collapsed First Guardian fund, a court has heard.

An activist group can't block the owners of Claravale Station from clearing almost 3,000 hectares of savanna in the Northern Territory, with a judge finding it would be difficult to prove the government’s decision was legally unreasonable.

Property manager Fortius has lost its bid to bring negligence claims under NSW's Design and Building Practitioners Act against certifier City Plan Services in defects litigation over the One Central Park development in Sydney.

A judge has declined to grant an injunction to stop Southern Cross Gold unit Clonbinane Goldfield from commencing works on its Sunday Creek exploration tunnel project until a challenge to the government’s approval is resolved.

A judge has accepted that Cbus’ agreement to buy a 50 per cent stake in Sydney’s troubled Halo Tower could fall through if the beleaguered developer behind the project is forced to remain in administration, shooting down a challenge to a DOCA.

Mail order company Magnamail has denied allegations by the Australian Competition and Consumer Commission that it sent false or misleading promotional material implying customers were eligible for major prizes if they ordered from its catalogues. 

Venture capital firm EVP has won court approval to pursue claims against bankrupt Strongroom AI founder and former director Christopher Durre.

A court has dismissed a bid to temporarily block a deed of company arrangement for Halo Tower developer FT Sydney, after hearing an injunction might jeopardise a sale to Cbus Property, set to settle in July.

A judge has questioned why unsecured creditors will not give a promise to pay damages as they seek to stop a DOCA for the Milligan-owned developer of the $1.8 billion Halo Tower from going ahead, which could allegedly cause $100 million in losses. 

Property manager Fortius wants to add new claims under NSW's Design and Building Practitioners Act against certifier City Plan Services in a dispute over the One Central Park development in Sydney.