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Aspen Group pays $32M for Albemarle site in Australind, WA
Affordable housing developer Aspen Group has entered into a conditional contract with lithium giant Albemarle Corporation to buy a 18 hectare accommodation complex in Australind, Western Australia.
Herbert Smith Freehills, Kramer Levin join forces in landmark law firm merger
Herbert Smith Freehills and NY-based Kramer Levin have merged to form a world-first transatlantic and transpacific law firm.
Construction PRO
Hastie liquidators get court OK to fund cases against Hall & Wilcox
Hastie's special purpose liquidators have won court approval to enter into a further funding agreement as it pursues cases against Hall & Wilcox, which previously represented the collapsed engineering firm.
Developer Mayfield loses appeal in competition case over NSW Ports deal
An appeals court has dismissed a competition case by Mayfield Development against NSW Ports over agreements to privatise two ports, finding that derivative Crown immunity applied to the port authority.
Construction PRO
Owners of lux waterfront Northbridge home can’t dodge invoices by builder
The owners of a luxury property in Sydney's Northbridge owe the home's high-end builder payment of oustanding invoices, after a judge rejected as "absurd" the couple's construction of a special condition in their contract.
Construction PRO
AVID wins approval for 300-home Waterford development in NSW’s Hunter Valley
AVID Residential has secured approval for a 300-lot development in Chisholm, NSW, following an appeal of a deemed refusal by the Maitland City Council.
Allianz’s $170M class action settlement OK’d, law firms to pocket $42.5M
A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
Construction PRO
Transport for NSW can’t get High Court to clarify scope of land acquisition law
The High Court has refused special leave to Transport for NSW to weigh in on a dispute over the value of land acquired near the Western Sydney Airport.
Construction PRO
Hutchinson didn’t reach anti-competitive agreement with CFMEU: High Court
The High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU to boycott a subcontractor merely by succumbing to the threat of industrial action.
ASIC, Reserve Bank have ‘deep concerns’ about ASX after CHESS outage
ASX's management of operational risk that led to December's CHESS settlement outage has the corporate regulator and the Reserve Bank "increasingly concerned" and "deeply disappointed".