A full bench of the Federal Court has moved to reinstate bans and fines against the former federal health minister Dr Michael Wooldridge and other board members of the a collapsed retirement village trust after the corporate watchdog won a landmark directors duties' case.
The Federal Court judgment follows a seven-year legal battle which the Australian Securities and Investments Commission fought all the way to the High Court.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
