Corporate

The ACCC will not oppose Lendlease’s plan to sell a portfolio of residential projects to Stockland for $1.3 billion after accepting Stockland’s plan to divest a project in Illawarra. 

The director of collapsed investment firm Linchpin Capital has lost his challenge to a $150,000 penalty, with an appeals court dismissing his arguments as “carping criticism”.

Shareholders in lending platform Marketlend can bring a derivative suit against its directors for allegedly misusing company funds, including spending $1.3 million on barrister chambers fees. 

Private equity firm Alceon and a vendor have been hit with $3 million damages over the misleading sale of a Queensland shopping centre for $55 million.

Self-described property ‘mogul’ Sasha Hopkins has agreed to pay a $1.25 million fine and face a four-year disqualification in proceedings by the corporate regulator.

Corporate Australia is increasingly concerned about class actions, with privacy and data breach claims topping their worry list, according to a new report.

AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator’s case over its alleged failure to comply with its money laundering obligations.

The competition watchdog has approved a blockbuster regional network sharing deal expected to boost TPG’s regional coverage as well as Optus’ 5G rollout, after rejecting a similar deal between TPG and Telstra. 

Shareholders in Whitehaven Coal who helped inject $150 million of capital during a 2012 merger are “trapped” after the ASX-listed coal producer failed to abide by its side of the deal, a class action funded by mining investor Nathan Tinkler has alleged on the first day of trial.

White & Case has snagged a partner from Maddocks with more than 25 years of experience in corporate real estate to assist the firm on global transactions and restructurings.