A Qube unit and a developer have lost their $20 million claim alleging the Department of Defence failed to properly address asbestos contamination on leased land which was redeveloped into a terminal facility in Moorebank.
Challenging an $8.5 million adjudication on a payment claim that sought over $30 million from developer VSD Investments, construction company Builtcom says it is effectively “disabled” from recovery of progress payments.
Woodside’s bid to extend its North West Shelf gas project by 40 years faces more resistance after Greenpeace’s challenge was denied, this time through court action seeking protection of culturally significant rock art.
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.
Squire Patton Boggs has recruited a private equity specialist from Allens for its Sydney corporate practice.
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.
Allens has added a Baker McKenzie partner to its restructuring practice in Sydney.
Dexus’ denial of a breach of confidentiality in a battle with co-owners of airport operator APAC is unlikely to hold up, a judge has said, and what appears to have been done can’t be undone. What the high-stakes row will come down to, he says, is materiality.
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 government has rejected Greenpeace’s request to reconsider approval for Woodside’s North West Shelf project extension, paving the way for a final decision that could see the gas field in operation for another 46 years.