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Construction PRO
Watpac wins payment fight with Natura developer Romeciti
Builder Watpac has won a battle with developer Romeciti over a final payment claim issued as part of an agreement to construct a $450 million luxury development in Sydney's Macquarie Park.
Bid for Origin Energy docs on eve of trial nears abuse, judge says
A judge has rejected as "approaching an abuse of process" a bid by internet provider Origin Net for more documents from power company Origin Energy ahead of next month's trial in their intellectual property stoush.
Legal watchdog chair joins bench of busy Victoria Supreme Court
Silk and former chair of the state's legal watchdog Sam Hay KC is the latest judicial appointee to Victoria's Supreme Court, joining the bench at a time when the court's docket is bulging.
Construction PRO
Goodman sheds Sydney industrial sites as it eyes data centre growth
As it bets on the growth of the global data centre market, industrial real estate group Goodman has sold off two Sydney warehouses for a reported $438 million to property investor Aliro.
Settlement OK’d in class action over Summerlin Parklands condo
A court has approved a settlement in a class action by owners against the developer of a Brisbane condominuim, which claimed off-the-plan contracts were wrongly terminated when neighbouring property values soared.
Woolworths next in line in ACCC’s ‘illusory discounts’ case
Trial begins Tuesday in the consumer regulator's case against Woolworths over alleged dodgy discounts, with the supermarket chain set to argue there was nothing phony about its 'Prices Dropped' campaign.
Construction PRO
Dexus may have been ‘immoral’ in APAC sale, but so what, judge asks
A judge said Tuesday evidence in a case over the sale of a stake in Melbourne Airport's operator might justify a finding that shareholder Dexus acted unethically and immorally. But whether such a finding was relevant to the validity of a default notice at the centre of the suit is another matter.
Construction PRO
Dennis unit settles class action over Summerlin Parklands development
A settlement has been approved in a class action against a unit of Dennis Corporation, which was accused of wrongly terminating off-the-plan contracts when local property values jumped.
‘The court expects more of lawyers’: Judge reams class action litigators
A judge has bawled out lawyers in a case against water treatment firm Phoslock and auditor KPMG for putting forward a High Court ruling for the mistaken proposition that he had power to make the class closure order sought.
IAG’s proposed $1.35B acquisition of RACWA faces further review, again
The ACCC will look deeper at IAG's proposed acquisition of the RACWA's insurance operations for the second time, saying there were concerns the transaction could substantially lessen competition.