Corporate

A fund manager has succeeded in striking out claims it was knowingly involved in an uncommercial loan scheme, in a case by FSM Development liquidators that also targets Ray White and Mallesons.

The former CEO of money laundering software company Kyckr is fighting Richard White’s bid for all his costs, after the judge said that she “abandoned” her previous statement of claim. 

Private equity firm Potentia Capital has accused the founder of software company Soprano Design of shareholder oppression, claiming he prevented Soprano's former CEO from performing his role, leading to his resignation four months into the job.

A Sydney silk who recently represented singer Guy Sebastian and the liquidators of the Tahmoor coal mine has been tapped to join the NSW Supreme Court.

The former CEO of engineering services firm DRA Global has failed in a dispute over law firm emails he claimed were produced in futherance of an unlawful scheme to take control of the company's board.

The ATO has lost its appeal of a ruling that put it on the hook for $35 million after a judge found it received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him. 

The former CEO of engineering services firm DRA Global has failed in a dispute over law firm emails he claimed were produced in futherance of an unlawful scheme to take control of the company's board.

M Resources Trading has won its challenge to a decision setting aside a $1.07 million statutory demand it issued to defunct mining company Australian Pacific Coal, with an appeals court finding there was no genuine dispute over the debt.

Allens has denied a senator's claims that it exercised "poor judgment" when accepting answers from three KPMG partners as credible during an investigation into whistleblower claims.

KPMG's deputy general counsel has said his investigation into a whistleblower's claims of ethical breaches was "fundamentally undermined" by dishonest answers to his questions and "restricted" scope.