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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”.
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
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
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.
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
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
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'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 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 has acquired the Tooronga Village Shopping Centre in Melbourne's eastern suburbs for $79 million.