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Sharvain directors succeed in narrowing discovery in case by freight company
The directors of defunct Sharvain Facades have won a bid to narrow the scope of documents they must produce in a case by Commercial Freight and Logisticsw, which claims an equitable lien over real estate.
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‘Clearly untenable’: Court tosses CPB Contractor’s $63M disruption delay costs claim
A judge has struck out builder CPB Contractor's “clearly untenable” claim against Transport for NSW for $63 million in delay costs for work on the Pacific Highway upgrade.
SocGen hit with $3.88M fine for market gatekeeper failures
French bank Societe Generale has been hit with a $3.88 million fine for allowing two clients to place suspicious orders on the electricity and wheat futures market, following an investigation by ASIC.
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Government pledges $3.8B for Marinus Link project
In its largest ever investment, the federal government's Clean Energy Finance Corporation has pledged $2.8 billion for the Marinus Link project to build a second underwater cable between Victoria and Tasmania.
Construction PRO
Global Capital liquidators expand case over $50M development
The liquidators of real estate investment company Global Capital Property Fund have expanded their suit alleging breaches of fiduciary duties in relation to a $50 million Queensland development, adding special purpose vehicles for several developments in Victoria.
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NRW acquires Fredon Industries in $200M takeover deal
Perth-based construction and mining contractor NRW Holdings will acquire engineering company Fredon Industries in a $200 million takeover bid.
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Conditions for Ark Energy’s Tassie wind farm tweaked after activists’ challenge
A Tasmanian community group has lost its appeal against a decision by a local council to grant a permit for Ark Energy’s proposed St Patricks Plains Wind Farm, but a tribunal has ordered the wind farm to tweak its plans.
Liberal deputy Sam Groth launches privacy suit over Herald Sun articles
Victorian Liberal deputy leader Sam Groth and his wife, Brittany, have launched the first privacy suit of its kind over two Herald Sun articles that speculated about whether their relationship began when Brittany was underage.
Construction PRO
Builder in Keystone suit says expanding freezing orders may affect payment of Corrs’ fees
An ex-Keystone director has raised concerns that expanding a freezing order over his assets would impact his ability to pay his solicitors at law firm Corrs Chambers Westgarth.
Construction PRO
Failed construction company director owes liquidator $10M, court says
A court has ordered the de facto director of failed construction company Trinco to pay its liquidator $10 million, finding that the builder had been trading while insolvent since 2018.