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Construction PRO
Builder banned for five years after leaving 300 creditors out $94M
A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.
Construction PRO
Alceon picks up Gold Coast shopping centre for $142M
Investment firm Alceon and retail consultancy Aktiv have acquired major Gold Coast shopping centre The Strand Coolongatta for $142 million, with plans to upgrade the site.
Construction PRO
Clifford Chance launches construction team in Australia
Global law firm Clifford Chance has launched a construction practice in Australia after nabbing a special council from Pinsent Masons to lead the group.
ACCC won’t oppose Omnicom’s $21B acquisition of Interpublic
The ACCC will not oppose the Omnicom Group’s planned $21 billion acquisition of The Interpublic Group of Companies, with the regulator finding the transaction was not likely to substantially lessen competition.
Moderna patent for mRNA vaccine knocked back, for now
Flu vaccine maker Seqirus has successfully opposed Moderna’s proposed patent for a mRNA vaccine, but an IP Australia delegate said the problems with the patent can be overcome by amendments.
Construction PRO
Dexus buys Sydney warehouse for $40M
Dexus has purchased a 10,000 square metre warehouse in Sydney’s West for $40 million and announced plans to divest office assets in Brisbane.
Royal Hotel recruiter accused of flouting FWC order in pregnant worker’s case
The Fair Work Ombudsman has launched action against a labour hire company for allegedly failing to pay compensation to a pregnant worker sacked from the Royal Hotel Granville.
Construction PRO
Judge grills lawyer about lengthy delays in $1.2M Park Vue litigation
A Federal Court judge has grilled a lawyer representing an investor that is suing the developers of a Melbourne apartment block over his client's failure to file evidence for 18 months.
Pauline Hanson can’t use employee’s testimony in suit against Burston
One Nation leader Pauline Hanson has been given the go-ahead to amend her discrimination suit against former senator Brian Burston, but is blocked from relying on transcript evidence from his defamation case.
Injured protestor to bring claim against NSW over police treatment
A protestor charged for resisting police is launching a civil case against the state of NSW for her treatment at the hands of police, with claims to include assault and false imprisonment.