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Construction PRO
Major industrial landlord Centuria Capital and US-based real estate investment manager BGO have joined forces to break into the tightly held Western Sydney industrial land market, buying out 45,000 square metres of warehouse space in an off-market sale.
The Australian Competition and Consumer Commission will not oppose IAG’s acquisition of RACQI, saying more established insurers will still be able to compete in Queensland.
Construction PRO
Real estate assets manager Dexus has won a court injunction against the forced sale of its shares in the company that operates Melbourne and Launceston Airports after allegations of confidentiality breaches.
Allens has added a Baker McKenzie partner to its restructuring practice in Sydney.
New enforcement action by the corporate regulator accuses home loan manager Resimac of letting down thousands of financially struggling customers who filed hardship applications.
Former JPMorgan head trader Mark McCabe will spend a minimum two years and six months in prison after pleading guilty to defrauding clients out of almost $1 million.
A class action has been filed against the State of Queensland on behalf of First Nations people alleging inadequate healthcare and substandard medical treatment.
A class action has been launched to quash a settlement in an earlier class action on behalf of child abuse victims who attended NSW's Fairbridge Farm School.
Construction PRO
The liquidators for defunct Perth builder Modco Residential have won court approval to bring claims for unfair preferences and unreasonable director-related transactions against multiple defendants in one "mothership" case.
Construction PRO
Liquidators of the ABD Group of construction companies have won a brief reprieve from the three-year limitation period to launch voidable transaction cases worth up to $23.2 million.