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Shareholders have brought a class action in Australia against New Zealand-based Fletcher Building, alleging the company failed to disclose material information relating to its construction division.
Japanese oil company Inpex has lost its bid for a split trial in a dispute with insurers AIG Australia and Mitsui Sumitomo over coverage for litigation related to defects at the $45 billion Ichthys liquified natural gas project in the Northern Territory.
In a landmark ruling, the NSW Supreme Court has found the Security of Payment Act is available to insolvent builders to pursue debts, despite an amendment to the law that prevents construction companies in liquidation from enforcing payment claims.
Spanish infrastructure giant Acciona has been sued by the entity in charge of a $511 million waste-to-energy plant south of Perth, which says it was unlawfully shut out of the project site after “commercial issues” arose between them.
Herbert Smith Freehills has launched an international arbitration hub in Melbourne to service the firm's clients along the Asia-Australia corridor.
UGL Limited has agreed to pay $438,000 to settle a class action accusing the engineering company of underpaying casual aluminium construction and manufacturing workers over a three year-period.
Collapsed engineering firm Forge Group has defeated an appeal seeking to block its liquidators from bringing a case against engineering company Clough Limited for alleged insider trading during the 2013 sale of a $187 million stake in the company.
A judge has rejected arguments by the Fair Work Ombudsman that the CFMMEU should be slugged with a penalty close to the maximum for the conduct of union officers who failed to show entry permits at a worksite, but she has imposed personal penalties against two officers with a record of prior breaches.
Two former directors of the Australian unit of BCEG have lost their “urgent” bid to vary freezing orders after a judge found they swindled millions from the company to fund their own developments and buy a luxury apartment.
A judge has found Downer Energy was responsible for a costly shutdown at a NSW power plant caused by a “practically unthinkable” defect.