Most Recent
A class action over the collapse of Arrium is bound to its pleading that the asset value of all the steelmaker's business units was impaired by a total of $2.8 billion, a judge has ruled in the second week of trial.
Construction PRO
Squadron Energy is poised to expand into battery storage and hybrid renewable energy projects after refinancing its $2.7 billion wind portfolio.
A mid-trial fight has erupted in a class action over the collapse of steelmaker Arrium, with the company's auditor and directors saying the case had swerved, and the plaintiff accusing the respondents of "playing games".
Construction PRO
The failed construction business of Allmine Group's Arccon was not insolvent when it paid $7 million in tax liabilities, despite signs of financial distress, a judge has found, dismissing a case by a liquidator's assignee against the tax office.
Construction PRO
Holding Redlich has hired four Melbourne-based lawyers from HWL Ebsworth, including two partners, to bolster its construction team.
KPMG has told a judge there is no evidence that Arrium's share price would have changed even if it had recorded a $2.8 billion impairment, urging the judge to reject the shareholder class action's "intuitive" case on loss.
Peabody Energy has paid $5 million to mine workers who were shortchanged, after the coal producer admitted it misunderstood employees' entitlements under the Award.
Construction PRO
Mallesons-represented Quinbrook Infrastructure Partners has obtained financing for the next stage of the Supernode battery energy storage system project in Queensland.
Former directors of steelmaker Arrium have rejected shareholder class action claims that the company's collapse was foreseeable, calling claims they had their heads in the sand “arrant nonsense”.
Construction PRO
Clive Palmer has lost another legal battle over Western Australian legislation shielding the state from the fallout of a decision barring a proposed Pilbara iron ore project, with a Swiss court rejecting his challenge to a tribunal's finding that it had no jurisdiction to hear the $300 billion dispute.