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ASX directors may face derivative suit over CHESS replacement project
An ASX shareholder is planning a derivative suit against former officers and directors over the bungled CHESS replacement project, after a judge found senior directors were involved in misleading investors about the project and slapped the ASX with a $20.5 million penalty.
Construction PRO
Warburg Pincus, Kio target $2.5B rental portfolio
Warburg Pincus is expanding its partnership with real estate investment manager Kio to accelerate the development of a $2.5 billion build-to-rent and purpose built student accommodation portfolio in major cities. 
Domino’s to appeal loss in underpayments class action
Pizza chain Domino's has confirmed that it will appeal a judge's finding that it misled franchisees on the pay its workers were entitled to, leaving them shortchanged.
Victorian premier delays WFH laws
Victorian Premier Ben Carroll has delayed a new law that would allow employees to work from home two days a week and make employers cover the reasonable costs of the arrangement after pushback from business.
Social media execs to front hearing over tougher kids ban penalties
Representatives from Meta, Google, TikTok and Snap will front a Senate hearing this week over whether they should face penalties of up to $99 million for failing to comply with new rules barring children under 16 from accessing their platforms.
Norton Rose hires corporate partner from Baker McKenzie
Norton Rose Fulbright has hired the former co-head of Baker McKenzie's Australian healthcare and life sciences group to join its corporate practice group in Sydney.
Construction PRO
Law firm can’t gag solicitor in ‘deposit flicking’ dispute
A judge has declined to block a solicitor from representing that a new conveyancing firm, which aims to help real estate agents comply with AML/CTF obligations by holding property deposits, is operating an illegal business model.
Construction PRO
Stellar boss hits back at Valmorbida’s easement claim on Sorrento property
The co-founder of failed property group Stellar says his prominent Morninton Pensinsula neighbour has identified no reason why he should be bound by the previous owner's acquiescence to her use of a driveway on his land.
Construction PRO
Allmine subsidiary loses $7M preference claim against ATO
The failed construction business of Allmine Group's Arccon was not insolvent when it paid $7 million in tax liabilities, despite signs of financial distress, a judge has found, dismissing a case by a liquidator's assignee against the tax office.
KPMG told Ashurst it lacked info to investigate whistleblower claims
KPMG told Ashurst that a whistleblower had not provided sufficient detail for the firm to determine whether his disclosures were protected under the whistleblower regime, despite having covertly downloaded information on his complaints from his computer.