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IAG shareholder class action can add new damages claim
A judge has allowed a shareholder class action against IAG over COVID-19 business interruption claims exposure to add a new claim for damages, despite the insurer arguing the allegation was “clearly bad in law”.
Worley takes class action loss to High Court
Engineering services firm Worley has taken last month's landmark loss in a shareholder class action to the High Court, challenging the Full Federal Court's embrace of market-based causation and its adoption of the facilitation principle.
Construction PRO
Dexus bloc shareholders appeal forced APAC sale
After getting the nod from a judge, the trustee for the Dexus bloc of shareholders in airport operator APAC has lodged an appeal of a finding that it committed a material and irremediable breach of the owners' deed.
Construction PRO
Northcote Shopping Centre can’t appeal rent review fight with Aldi
The owner of Northcote Shopping Centre in Melbourne has lost its bid for leave to appeal in a fight with budget supermarket Aldi over whether clauses imposing a cap on rental increases is contrary to the Retail Leases Act.
Court finds proof: Peru wins appeal battle to trademark Pisco
The government of Peru has won its appeal against an Australian Trade Mark Office decision that rejected its bid to trademark the alcoholic spirit pisco.
Construction PRO
Dexus trustee justified in appealing APAC’s win, judge says
A judge has ruled that the trustee for Dexus' airport fund is justified in challenging a court decision that forces a compulsory sale of a $4.5 billion interest in the operator of Melbourne Airport.
Construction PRO
Injunction bid shot down against Southern Cross Gold tunnel
A judge has declined to grant an injunction to stop Southern Cross Gold unit Clonbinane Goldfield from commencing works on its Sunday Creek exploration tunnel project until a challenge to the government’s approval is resolved.
KPMG chair to step down, audit partners out
KPMG's national chairman Martin Sheppard is stepping down to make way for an independent chair, and audit partners Eileen Hoggett and Paul Rogers are leaving the firm.
Charles Darwin University to backpay workers $4M
Charles Darwin University has agreed to backpay over $4 million to over 800 casual employees as part of an enforceable undertaking with the Fair Work Ombudsman, the latest Australian university to admit to underpaying staff.
Construction PRO
Charter Hall scoops up Tooronga Village for $79M
Charter Hall has acquired the Tooronga Village Shopping Centre in Melbourne's eastern suburbs for $79 million.