A Melbourne-based investment management group is refusing to vacate two rooms forming part of a managed investment scheme at the Yarra Valley Lodge Hotel, according to a lawsuit filed by the Australian and Pacific Investment Corporation.
Several lenders have appealed a ruling that found they failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse, saying it was a “no brainer” that the company was in dire straits when its directors sought extra funds.
Bell Potter has defeated a lawsuit by Nicholas Bolton’s Keybridge Capital over a 2015 phone call which lasted one minute and 18 seconds in which the investment firm was accused of committing its client to buy $10 million worth of shares in defunct Molopo Energy.
A judge who lashed “unsatisfactory cooperation” between Chubb and British automotive distributor Inchcape has found the insurer’s policy covers some but not all costs stemming from a cyber attack which allegedly caused over $4 million in loss.
Clive Palmer’s mining company Mineralogy has lost a bid to stay an expert determination process in a royalties dispute with Adani, with a judge ruling that the court should not “lightly disregard” decisions to resolve disputes by expert determination rather than court-based litigation.
Japanese bank SMBC has brought a $33.6M lawsuit against fintech Humm Group after its subsidiary Flexirent allegedly misled the bank about receivables under allegedly forged contracts between a Forum Group entity and Veolia Environmental Services.
Trading firm Epoch Capital has brought proceedings against a quantitative analyst who allegedly downloaded confidential information from the firm’s computers.
Broadcaster Seven has filed court proceedings against a production firm it partners with to broadcast the Olympic Games for allegedly refusing to hand over software it needs for the upcoming Commonwealth Games.
An investment consultant at Kahlbetzer family investment vehicle Twynam Investments has filed a lawsuit alleging she was sacked over the phone a month after telling the company she was planning for a baby.
A judge has found that a partly obscured photo showing a signature was enough to render a contract enforceable, in a multi-million dollar contract fight between Mitsui & Co and a Victorian steel mill operator.