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Construction PRO
Development manager behind $2.7B STH BNK project owes $100M
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.
Construction PRO
Maddocks reps Simonds Group in $10M purchase of Dennis Family Homes
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.
Non-bank lender Firstmac hit with $8M penalty for DDO breaches
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.
‘No flight risk’: ASIC can’t get travel ban on fund manager in probe over $35M
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.
Pilatus wins discovery for potential IP suit linked to Air Force contract
Swiss aircraft manufacturer Pilatus has won discovery to pursue a possible copyright claim stemming from a Royal Australian Air Force flight simulator contract.
Construction PRO
High Court to weigh $2.9M valuation for heritage property in Melbourne CBD
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. 
Cipla loses bid to cut short Novo Nordisk’s weight loss drug patent
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 lures leading competition lawyer from Johnson Winter Slattery
Maddocks has recruited a competition law specialist from Johnson Winter Slattery as a new partner in its corporate and commerical practice.
Clayton Utz got biggest slice of government’s $600M legal spend
The federal government spent more than $600 million on private law firms in 2022-23, and Clayton Utz was the firm the government turned to the most.
Pharmacor says AstraZeneca’s Brilinta patent should not have been extended
As it fends off a suit by AstraZeneca seeking to block the sale of a cheaper version of Brilinta, generics maker Pharmacor claims a patent for the heart attack drug should not have been extended.