Law Firms

A court has ordered Macquarie Securities to pay an agreed $35 million penalty after finding that “serious deficiencies" in its reporting systems resulted in repeated failures to accurately report short sales.

In a loss for builder Ventura Home Group, a Western Australia tribunal has found the state's building commissioner can issue a remedy order over the installation of alleged faulty pipes at a residential property.

Sydney builder Next Constructions has accused a former employee and his wife of procuring $700,000 in secret profits by allegedly directing subcontractors to pay a company they controlled. 

Super fund HUB24, which rejected the now collapsed First Guardian fund as an investment for members, can protect its due diligence process from getting into the hands of rival Diversa, whose members weren't so lucky.

The judge overseeing class actions against Hyundai and Kia has taken the parties to task over lack of progress in the cases, calling them out for “paying lip service” to the obligation to proceed expeditiously. 

A director of collapsed builder Shangri-La Construction who was found personally liable for $3.2 million in rectification costs for combustible cladding in a Melbourne apartment complex has failed to pass on his costs to his insurers. 

A court has excused the developer of a warehouse in greater western Sydney from paying a $1.38 million rent guarantee to CapitaLand Ascendas' REIT trustee Perpetual, finding it met its obligation to procure a tenant.

The builder and the developer of Sydney's 'The Eliza' apartment building have sought special leave with the High Court after they lost their challenge to a referee report that found it was reasonable for the owners to block them from rectifying defects.

The liquidators of an unregistered managed investment scheme run by convicted fraudster Chris Marco have fended off a summary dismissal application by investors, with a judge finding that it was not so obvious that they would be entitled to a good faith defence to warrant tossing the case. 

Meal delivery companies Hello Fresh and Youfoodz say the consumer regulator needs to provide more details in its cases alleging customers were charged a fee after cancelling subscriptions.