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Construction PRO
Brisbane Olympics procurement ‘highly susceptible’ to cartel conduct: ACCC
Warning of the propensity for major events procurement to attract cartel conduct, the competition regulator is encouraging the Queensland government to share data on bids for Brisbane Olympics projects.
In High Court case, ASIC reminds justices litigants can’t ‘choose their judges’
A judge did not need to recuse himself from deciding the penalty in ASIC's case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.
Construction PRO
Lendlease fends off vote on control of $2.8B retail property fund
For a third time, real estate investment manager Lendlease has avoided a vote on the future of its oversight of a $10 billion property fund, with a proposed meeting Wednesday of the fund's retail investors reportedly adjourned for want of quorum.
Construction PRO
Ashurst advises Snowy Hydro on first BESS offtake deal
Ashurst-represented Snowy Hydro has reached a landmark 15-year virtual tolling agreement with Akaysha Energy for Victoria's Elaine Battery Energy Storage System, the first battery toll pact for the energy company.
ACCC, NSW join forces to clamp down on supplier bid-rigging
The competition regulator has reached a data-sharing agreement with NSW to combat bid rigging on state contracts worth a total of $42 billion annually, in a partnership that will deploy AI to find potential cartel culprits.
Telstra reaches settlement with ACCC in case over Belong speeds
Telstra has reached an agreement with the consumer regulator after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider, Belong.
Clive Palmer’s $300B claim over WA law shot down by international tribunal
Clive Palmer has lost a battle over Western Australian legislation shielding the state from the fallout of a decision barring a proposed Pilbara iron ore project, with a tribunal finding it had no jurisdiction to hear the $300 billion case.
Construction PRO
Hostplus takes swipe at Lendlease amid battle for control of property fund
Hostplus has called out Lendlease for encouraging investors to skip a meeting convened by the super fund heavyweight in its bid to boot the real estate manager from the $2 billion APPF Industrial fund.
High Court asked to clarify test for damages in shareholder class actions
Saying the appeals court committed "fundamental errors" in approaching their claim of loss, the applicants in failed cases against the Commonwealth Bank have appealed to the High Court, in a case that could clarity the elusive test for damages in shareholder class actions.
Construction PRO
Palmer loses $300B case against Australia over Pilbara iron ore project
Mining magnate Clive Palmer has lost a long-running fight against Western Australian legislation over an iron ore project in the Pilbara, with an international tribunal finding it had no jurisdiction to hear $300 billion case.