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Construction PRO
High Court won’t hear unreasonable transaction case over Adelaide CBD property mortgage
The liquidator of a company created to invest in an Adelaide building has failed in a High Court bid to reinstate a finding that the mortgage over the property was an unreasonable director-related transaction.
Union drags ANZ to Fair Work Commission over mass layoffs
The Finance Sector Union has accused ANZ of being a “bank in crisis”, launching a case in the Fair Work Commission over its handling of mass job cuts.
ASX accused of sacking head of trading tech after CHESS complaints
A former head of trading technology at the ASX has filed a lawsuit claiming he was axed after he raised concerns about insufficient resources to operate the market properly, including in relation to the exchange's CHESS replacement project.
Novo director breached duty to prevent insolvent trading, court finds
A judge has found a director of defunct IT company Novo breached his duty to prevent the company from trading while insolvent, but has stopped short of ordering damages, or making findings he breached other duties.
Funder drops Gladstone Ports class action, mulls negligence suit against lawyers
The funder behind a class action against the operator of Gladstone Port has bowed out after spending $30 million on the case, and is weighing proceedings to recover its sunk costs from the law firm that initially ran the litigation.
Construction PRO
Martinus Rail wins fight over $23M payment claim
Martinus Rail has won its fight against grain supply chain Co-operative Bulk Handling over a $23 million payment claim for building a rail siding in WA, with a judge finding that the deadline for responding to the claim began running from a Saturday.
AMP to pay $120M to settle superannuation class action
AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
Construction PRO
HWL Ebsworth accused of ‘fishing expedition’ in case over Belmore development
Developer Belmore 88 has successfully opposed discovery sought by HWL Ebsworth, after arguing its former solicitor was on a “fishing expedition” in a case by investors who claim they are both liable for lost money in connection with developments in western Sydney. 
Meta ordered to put on defence in ACCC case over scam crypto ads
A judge has ordered Facebook owner Meta to file its defence in the Australian Competition and Consumer Commission’s three-year-old case over scam cryptocurrency ads on the social media platform. 
Mastercard fights win for ACCC over in-house counsel communications
Facing allegations that it misused its market power with major retailers, Mastercard is challenging a ruling for the ACCC that lays bare discussions about merchant agreements involving inhouse lawyers.