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Construction PRO
A judge has criticised the “glacial pace” of a dispute between Seymour Whyte and a subcontractor that stretches back over a decade, while awarding the construction company a further $150,000 in security for costs.
Construction PRO
Builtcom has scored a win in a fight over termination payments connected to a development in Melbourne's east, with a judge finding the entitlement to the payments was not extinguished by non-compliance with progress claim procedures.
Construction PRO
A builder has lost its bid to amend a negligence claim in a dispute over a warehouse refurbishment contract in Sydney’s Homebush.
An appeals court has overturned a finding that Racing NSW was not entitled to appoint administrators to the owners of Sydney’s Randwick Racecourse.
A senator has criticised KPMG for claiming a commitment to transparency while also maintaining legal professional privilege over advice from Allens and Ashurst into the alleged misuse of confidential information.
A failed class action against former NAB super fund trustee NULIS Nominees over $165 million in conflicted remuneration has asked the High Court to revive the case and provide clarity on the fees for-profit trustees can charge for their compensation.
A judge has approved a $35 million penalty against HSBC in ASIC’s novel case over the bank's scam protection failures, despite questioning whether the punishment was severe enough given how long the case took to settle.
Construction PRO
Washington H. Soul Pattinson has agreed to sell Brickworks' interests in its industrial property joint ventures with Goodman Group for $1.89 billion, following last year's merger between Soul Patts and Brickworks.
Construction PRO
A judge has refused a bid by the director of property developer Vantager to stay orders to sell his property while he appeals a decision finding him liable for a “brazen fraud” after a $45 million sale was negotiated for a Denham Court property that was only worth $10.8 million.
The lead shareholder in class actions against CBA has urged the High Court to take a "common sense" approach to loss causation in securities cases, as endorsed by the Full Federal Court in last month's ruling for Worley's investors.