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Fiducian Investment Management has copped a $7.3 million penalty after admitting that it made misleading representations about the ESG credentials of an investment fund, despite senior execs being warned about its exposure to fossil fuels.
Construction PRO
Jones Lang LaSalle has argued that its former national head of real estate cannot add an unfair dismissal claim to his lawsuit against the real estate giant, which was brought late due to a solicitor's mistake.
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 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.
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 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.
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 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
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
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.