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Greensill deal with White Oak ‘too good to be true’, says IAG
Insurer IAG has argued Greensill investor White Oak failed to verify the existence of $140 million in receivables for fear the deal wouldn't go ahead -- conduct, it says, that was “redolent of a deal that is too good to be true”. 
Tokio Marine says White Oak’s misleading conduct claim unprecedented
Insurance underwriter Tokio Marine has denied misleading US investment firm White Oak by staying silent on alleged issues with an IAG policy keeping Greensill's supply chain financing business operating. 
Construction PRO
Hilton appeals loss in fight with ATO over $173M hotel sale
Hilton has filed an appeal after losing a challenge to a $173 million tax adjustment from the 2015 sale of the Sydney Hilton Hotel.
IAG reaches settlement with Credit Suisse over Greensill collapse
Insurance Australia Group has reportedly settled a multibillion dollar case by Credit Suisse over the collapse of supply chain financier Greensill Capital on the eve of a five-month trial.
Construction PRO
Hilton loses fight with ATO over $173M hotel sale
Hilton has lost its challenge to a $173 million tax adjustment from the 2015 sale of the Sydney Hilton Hotel, with a judge finding the transaction was entered into for the dominant purpose of obtaining a tax benefit. 
Construction PRO
InterContinental owner loses challenge to $160M Sydney mixed-use tower
The owner of Sydney's InterContinental Hotel has lost its challenge to the approval for a mixed-use tower at the site of the neighbouring Sir Stamford Hotel.
Construction PRO
Asset freeze stays against developer in $133M Babylon Apartments row
A court has extended urgent freezing orders against the developers of the $133 million Babylon Apartments in the north-west Sydney suburb of Rouse Hill, in a dispute over a builder's payment debt.
Construction PRO
Brisbane Airport can’t call on entire $13.4M security in contractor row
Baggage handling company Alstef Australia has had a partial win in its quest to stop the Brisbane Airport Corporation from calling on $13.4 million in bank guarantees.
Credit Suisse does ‘complete U-turn’ in $3B Greensill case, court told
Credit Suisse has dropped its claim for indemnity against insurance agent BCC under a trade credit policy issued prior to Greensill Capital’s collapse in 2021, with a judge hearing the admission marks a "complete u-turn in the case".
Construction PRO
Brisbane Airport faces $32M claim over baggage system upgrade
Baggage handling company Alstef Australia says the operator of Brisbane Airport is not entitled to call on $13.4 million in bank guarantees, claiming it is owed $32 million in a dispute over a baggage system upgrade at the airport’s domestic terminal.