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Kaloriziko appeals ruling on Ryde development offset
Developer Kaloriziko has appealed a ruling which rejected its claim that a property deal involving related parties extinguished a $2.12 million liability to a builder on the 'Sky Gardens' residential development in Ryde, NSW.
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Abacus Storage grants due diligence to consortium behind $2.2B takeover offer
Abacus Storage Kings will open its books for a consortium of Ki Corporation and New York Stock Exchange-listed Public Storage, which lobbed a $2.2 billion takeover offer last week.
Law firm files representative complaint with OAIC over Qantas data breach
A law firm has filed a representative complaint with the OAIC on behalf of six million Qantas customers affected by the company's recent data breach.
Bellamy’s settles sex discrimination suit by former CEO
Bellamy’s Organic has resolved a suit by its former CEO alleging the baby food producer discriminated against her by offering a salary that was one-third of what her male predecessor earned.
Construction PRO
No end in sight to climate litigation, experts say
Companies will continue to face climate-related litigation -- including claims over greenwashing, breaches of directors duties and challenges to projects -- despite the recent failure of a climate class action.
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Master Builders says Housing Accord goals won’t be met at current pace
Master Builders Australia has welcomed a reported increase in residential building activity but said the pace needs to quicken to reach the government's goal of 1.2 million new homes by 2029.
Construction PRO
Abacus Storage receives $2.2B takeover bid after shunning earlier offer
Abacus Storage Kings has a received a $2.2 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage, after rejecting a $1.9 billion offer in May.
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Trial can continue against bankrupt execs of collapsed developer Dyldam
A judge has given a liquidator approval to continue with claims at trial against former executives of failed Sydney developer Dyldam after they declared bankruptcy.
Full Court asked to rule on reasonableness of financial advisors’ non-competes
Two former employees of financial services firm Monarch Advisory have appealed a ruling that awarded their former employer $270,000 in damages after they were found to have breached a non-compete agreement.
Construction PRO
Acciona, AECOM to face class action claims over Hunter Valley bus crash
A class action on behalf of families of victims of a bus accident in Hunter Valley, NSW has won court approval to add builder Acciona and consultant AECOM as defendants, claiming they were responsible for the construction and certification of the interchange where the tragedy occurred.