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Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation.
Construction PRO
Companies can expect to pay 60 per cent more to rent out floors with views in Sydney’s premium office towers, according to a report by commercial real estate broker CBRE.
Moderna has failed in its bid to secure an mRNA vaccine patent, but an IP Australia delegate gave the US biotech another shot at its application.
Construction PRO
Following public consultation, the Queensland government has decided it will not move forward with the Moonlight Range wind farm, which was expected to power 260,000 homes per year with renewable energy.
Federal Court Chief Justice Debra Mortimer has flagged possible limitations on cashed-up parties in commercial disputes running overly complex cases that tie the court’s resources down.
Construction PRO
ASX-listed MA Financial will acquire shopping centre-focused real estate investment manager IP Generation for $90.4 million.
Construction PRO
The NSW Land and Environment Court has signed off on a land valuation agreed to between real estate investment manager Investa and the Valuer General for the site of the Coca-Cola Place tower in North Sydney.
A court will be asked to approve a confidential settlement in a class action on behalf of people who purchased off-the-plan homes in the Clydesdale Estate in north-west Sydney that includes a gag clause barring group members from making any public statements about the suit.
Construction PRO
A judge has found that Victoria's SOP Act is not at odds with the Australian Consumer Law, refusing to set aside a $1.85 million adjudication determination in a dispute over a $38 million contract for a Glen Iris residential development.