Construction

Australian building materials giant James Hardie will acquire US-based home decking provider AZEK in a nearly $14 billion merger.

The funder that backed a shareholder class action against engineering firm CIMIC that settled for $45.25 million will take a cut to its 25 per cent commission, but wants the court to find the commission would otherwise have been reasonable. 

Former directors of collapsed Sydney developer Dyldam have been targeted by a liquidator over claims allegedly worth at least $33 million.

The federal government has awarded Copenhagen Infrastructure Partners $814 million for a green hydrogen project in Western Australia, as another green hydrogen project in Queensland faces an uncertain future after the state yanked funding.

Engineering firm Clough has filed a cross-claim against its former joint venture partner Elecnor in the EnergyConnect transmission project after the companies had a falling out over defaults.

A judge has dismissed an application to restrain a Sydney solicitor from acting against his former friend in a dispute over a $3.25 million settlement deed in a dispute over their development business. 

An ANZ client who alleges an investment advisor accessed her private banking records has been ordered to replead her case.

Crown has dropped its claims against builder Lendlease over the use of combustible cladding on the façade of the Metropol in Southbank but is continuing to pursue its case against the architect and others.

Hall & Wilcox faces a second suit by Hastie Group's liquidators, which calls for review of nearly $19 million in costs the law firm billed for advising the failed engineering company in litigation.

Construction company Primero Group has signed a $100 million contract with Rio Tinto for works at the mining giant's coastal water supply sustaining project in Western Australia's Pilbara region.