Industries

US-based private equity giant Blackstone has reshuffled the leadership of its Australian real estate arm after head Chris Tynan stepped down for his role following a string of billion-dollar deals.

Former ACM head Antony Catalano and his wife are seeking compensation over alleged defects in the the façade of their $30 million St Kilda penthouse apartment, while attempting to sell the swanky digs for $6 million less than the initial asking price. 

The sSafety Commissioner is investigating five major social media companies over their compliance with a new ban on kids under 16 accessing their platforms, saying they have not implemented appropriate systems to keep kids off.

Jones Day has poached the head of Clayton Utz's construction practice, with the reputable parter to join the US-based firm at a pivotal time for major projects.

Radio personality Jackie 'O' Henderson has sued Australian Radio Network for $82.25 million over its decision to rescind her 10-year contract following an on-air argument with long-time co-host Kyle Sandilands.

MinterEllison has recruited a construction and infrastructure partner with more than 22 years of experience from Pinsent Masons to meet growing client demand for advice on large-scale projects. 

The Full Federal Court has tossed Tabcorp’s appeal of a finding that it is not entitled to a $1.49 billion tax deduction under rules governing the taxation of financial arrangements. 

A judge has dismissed an application for a freezing order against the developer behind a NSW Central Coast office block at the centre of a class action over defects including sub-par air conditioning.

The operator of eyewear franchises OPSM and Laubman & Pank has paid a $19,800 penalty after the ACCC found it failed to provide up-to-date disclosures to prospective franchisees, several years after promising to make its franchise system more transparent. 

Rio Tinto's struggling Tomago Aluminium Company has lost a challenge to a $52 million valuation of the land occupied by its Hunter Valley smelter, despite arguing the sum was too high in light of electricity costs and the limited pool of notional buyers.