Construction

A judge has ruled that IG Power is not required to reimburse Genuity $24.4 million in interest charged by its parent company on a $60 million loan to rebuild the Callide power station, finding the loan was intended to be interest free. 

Chevron wants a "tight" timeline in a legal challenge related to its Gorgon liquified natural gas project, telling a judge that it's spending $40 million a month to keep staff ready for the project.

A fund manager has succeeded in striking out claims it was knowingly involved in an uncommercial loan scheme, in a case by FSM Development liquidators that also targets Ray White and Mallesons.

A Newcastle residential development had lost its bid to pay around $6 million in damages in monthly installments, with a judge saying there was no evidence paying the amount would put the group in a bad financial situation.

Meridian Lawyers has nabbed an insurance litigator from Lander & Rogers who has worked on combustible cladding matters to co-head its professional and financial risk group. 

In her first speech as chair of ASIC, Sarah Court has called for regulation of Big 4 accounting firms in the wake of the KPMG whistleblower scandal and warned the collapse of property developer Bathla may be the “first significant crack” in the private credit market.

A judge has rejected the NSW government's challenge to subpoena over notices and fire control orders concerning allegedly combustible aluminium composite cladding in a case brought by the owners at the Australia Towers in Sydney Olympic Park. 

Logistics giant Qube has told a court it is entitled to enforce $26 million in arbitration awards against Martinus Rail ahead of a larger dispute over Sydney's $4 billion Moorebank Intermodal Terminal and no right of appeal exists for its foe.

Property developer Bathla has entered voluntary administration, citing a reduction in sales, high construction costs and falling confidence in key markets.

A judge has ordered a Gold Coast developer to honour two off-the-plan apartment contracts, finding it could not rely on sunset clauses to terminate the agreements.