Maddocks

A bid by Banksia Securities' special purpose receiver to thwart planned proceedings by a group of debenture holders against lawyers for the class action funder has failed.

BHP and mining equipment company Epiroc Australia have resolved a lawsuit by Rio Tinto subsidiary Technological Resources over a patent for an autonomous drilling system.

The development management company behind the $2.7 billion STH BNK project, which was placed in administration last week, owes creditors -- including lawyers, consultants and designers -- over $100 million.

Law firm Maddocks has advised Simonds Group on its $10 million pick-up of Dennis Family Homes, an acquisition expected to generate $200 million in additional revenue for the homebuilder next year.

The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.

Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.

Swiss aircraft manufacturer Pilatus has won discovery to pursue a possible copyright claim stemming from a Royal Australian Air Force flight simulator contract.

The valuer general of Victoria has told the High Court that a property in Melbourne's CBD should be valued at $6.2 million rather than $2.9 million, despite a heritage constraint on development. 

Indian drug maker Cipla has lost a challenge to the extension of Novo Nordisk’s patent for Victoza, with a judge rejecting an argument that extensions can be granted only for active ingredients.

Maddocks has recruited a competition law specialist from Johnson Winter Slattery as a new partner in its corporate and commerical practice.