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Construction PRO
In a hearing on its challenge to $10.6 million in stamp duty tax, ISPT said Monday Victoria's State Revenue Office was not entitled to aggregate two acquisitions that increased its stake in the Fort Street Real Estate Capital Fund to 95 per cent.
Construction PRO
Rio Tinto's struggling Tomago Aluminium Company has lost a challenge to a $52 million valuation of the land occupied by its Hunter Valley smelter, despite arguing the sum was too high in light of electricity costs and the limited pool of notional buyers.
Construction PRO
Defunct telecommunication company NewSat has until 7 April to pay security for defence costs in a case against a group of lenders that withdrew financial support for the company's satellite project.
Construction PRO
A judge has dismissed an application for a freezing order against the developer behind a NSW Central Coast office block at the centre of a class action over defects including sub-par air conditioning.
Construction PRO
Pacific Werribee shopping centre owner QIC says its misleading conduct case against co-owner Wadren and consulting firm KPMG is viable even in the absence of a defects finding in a related case against Probuild.
Construction PRO
A court has signed off on Someva Renewables' plan to build 62 wind turbines just outside of Hanging Rock following what the company called 18 months of "unnecessary" opposition from a local council that did little to alter the project.
Construction PRO
A local NSW council has been ordered to pay the owners of a block of land it acquired in North-West Sydney $12.7 million, with the court finding that if not for the acquisition, the land could have been used for residential purposes.
A judge has declined a funder’s bid for a $43 million payout in a class action accusing Colonial First State of charging excessive premiums, saying it was entitled to a 27.5 per cent commission but not $4.5 million for after-the-event insurance.
A judge has approved a $37.35 million settlement in a class action alleging fintech EML Payments failed to promptly disclose anti-money laundering and counter terrorism compliance concerns.
Bupa has hit back at a class action alleging it provided poor quality care to residents at its aged care facilities, saying it was "not appropriate" to run the case as a group proceeding.