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‘Parlous situation’: Mascot Towers owners file court bid to sell troubled buildings
CBA 2022-06-17 4:51 pm By Cindy Cameronne Sydney

Owners of Sydney’s Mascot Towers are facing a “parlous situation” as they file an urgent court bid to sell the two buildings after $16 million was spent to repair structural cracks that made the apartments unliveable.

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ACCC flags competition concerns with Dye & Durham’s $2.9B bid for Link
ACCC 2022-06-16 5:37 pm By Cat Fredenburgh Melbourne

The ACCC has raised concerns that Canada-based Dye & Durham’s proposed $2.9 billion acquisition of technology services provider Link could harm competition in the market for digital conveyancing services.

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CBRE offered to pay $600,000 before winning $20M negligent valuation case
Amelia Avery-Williams 2022-06-10 1:28 pm By Cindy Cameronne Sydney

A court has handed CBRE indemnity costs for successfully defending a negligent land valuation lawsuit by defunct fund manager City Pacific after it had offered $600,000 to settle the case.

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Property guru Sasha Hopkins converted investor funds into crypto assets, ASIC says
ASIC 2022-06-08 3:05 pm By Sam Matthews

The Australian Securities and Investments Commission has released details of its allegations against embattled property developer Sasha Hopkins, who is the subject of several freezing orders won by the regulator earlier this month.

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Merricks Capital sues to stop former exec from working at Switzer-led boutique
Arnold Bloch Leibler 2022-06-07 10:33 pm By Cat Fredenburgh Melbourne

Melbourne-based hard assets investment manager Merricks Capital has filed court proceedings to block its ex-managing director and two other former employees from working at a investment boutique run by financial commentator Peter Switzer and his son Marty.

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Property developer Sasha Hopkins to face ASIC grilling
ASIC 2022-06-03 5:13 pm By Sam Matthews

Embattled property developer Sasha Hopkins will face a compulsory examination by the Australian Securities and Investments Commission over the activities of his company A Team Property Group.

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‘This is not a computer game’: Thomson Geer rails against remote witnesses in negligence case
Catherine Pierce 2022-05-26 3:50 pm By Sam Matthews Melbourne

A judge has allowed three witnesses for HK Realway to give evidence by video link at an upcoming negligence trial against Thomson Geer, over protests from the firm, which said it would be inherently unfair.

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Special leave refused in dispute over $81.8M Parklea Markets sale
Appeals 2022-05-20 3:20 pm By Cindy Cameronne Sydney

The High Court has refused Sydney retail personality Con Constantine’s bid to challenge a $4.25 million judgment in his favour over the $81.8 million Parklea Markets sale in 2016.

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Opal Tower class action reaches eleventh-hour settlement before 40-day trial
Alexander Barnett 2022-05-19 10:54 pm By Sam Matthews

A long-running class action over the Opal Tower disaster has settled, along with two related cases over the defective building, as a five-week trial was set to begin.

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Perth Airport misled United in lease negotiations, lawsuit claims
Contracts 2022-05-18 4:17 pm By Sam Matthews Melbourne

United Petroleum has taken Perth Airport to court, arguing it was induced to enter a $900,000 lease and construction agreement at the airport’s central precinct with empty promises of redevelopment at the site.

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