The owners of land acquired to build the Mordialloc Freeway have lost a bid for $52.8 million in compensation, with an appeals court affirming that they are only entitled to $2.24 million because of prior compensation paid on the land.
The ACCC is again trying to fend off a strike-out bid by Facebook owner Meta in its case over cryptocurrency ads, arguing Meta has built a system in which the misleading ads can flourish and is not an “innocent bystander”. The regulator lodged the case in March 2022, alleging it breached the Australian Consumer Law…
Westpac’s mortgage subsidiary RAMS Financial Group faces penalty proceedings by the corporate regulator after admitting to “widespread” misconduct.
Parkview Constructions has reached a settlement in an owners corporation’s lawsuit over allegedly combustible cladding at the Australia Towers in Sydney Olympic Park.
A contractor who worked on the Westmead Children’s Hospital is seeking orders compelling Roberts Co to make a $3.2 million progress payment, arguing service past business hours on Friday was still Friday service.
Property investment manager and developer Centennial has scooped up an A-grade office tower in Adelaide’s Pirie Street precinct for $50.5 million.
Global entertainment giant Live Nation has acquired a Perth warehouse which it promises to transform into a world-class live music venue in about a year.
The owner of an Engadine site being developed into an apartment complex has been sued by the project’s builder, who seeks over $2 million in allegedly unpaid progress payments as well as damages for breach of contract.
A judge has ruled that the owners corporation of a 20-unit development in Cabramatta is entitled to damages from the developer over defects, after promised rectification works were not carried out by an agreed date.
Mayne Pharma has said it will file a court challenge to the validity of US drug maker Cosette Pharmaceuticals’ purported termination of a $672 million takeover offer.