PROPERTY company Sunland Group - once backed by James Packer - has lost its civil case against the Melbourne businessmen it accused of deceiving it in a $14 million Dubai property deal.
Justice Clyde Croft yesterday said Sunland's case had ''failed in all respects'', and he would forward his judgment to the corporate regulator to consider Sunland's conduct during the long-running spat over a piece of land in Dubai.
''Sunland's case fails in all respects and will be dismissed,'' Justice Croft told the Victorian Supreme Court. ''I will forward a copy of the reasons for judgment … to the Australian Securities and Investments Commission with a request that the commission consider the corporate governance issues for Sunland (including its ASX announcements) which are raised by these proceedings and take action as considered appropriate.''
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