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Construction PRO
Baker McKenzie nabs new project finance head from HSFK
Baker McKenzie has lured a Herbert Smith Freehills Kramer partner to head the firm's project finance team, specialising in infrastructure and power projects.
Construction PRO
Builder’s ‘cute’ bid to dodge fire safety fixes at Canberra development rejected
Chase Builders can't avoid completing fire safety rectification works at the Manhattan on the Park apartment complex in Canberra by citing a 10-year limitations period after running down the clock with litigation, a tribunal has said.
Cbus trustee must pay $23.5M in ASIC case over delayed death benefits
A judge has ordered trustee United Super to pay $23.5 million after admitting it was liable for excessive delays in processing $20 million in death and disability claims.
Bendigo Bank says review found systemic AML/CTF failures
A Deloitte review has found lax compliance with anti-money laundering rules by Bendigo Bank over a six-year period.
Construction PRO
CBEM loses appeal in payment dispute over Dural development
A Sydney builder has lost its challenge to a $453,000 judgment for a developer, with an appeals court finding the construction company claimed payment for a greater amount of work than was done on a project in Dural. 
Construction PRO
MA Financial seals $679M deal to buy Hyperdome Town Centre from QIC
MA Financial Group has added Hyperdome Town Centre to its real estate portfolio, acquiring the South-East Queensland shopping complex from QIC for $678.7 million.
Construction PRO
Qube receives $11.6B takeover offer from Macquarie
Macquarie Asset Management has made an offer to acquire Qube which values the infrastructure giant at $11.6 billion.
Construction PRO
Court won’t allow claims of investor in Parkside development to proceed
A court has shut down an investor’s $455,000 suit against defunct property development group Lion Property Group, finding its liquidators are better placed to untangle the claims. 
Construction PRO
In JLL execs’ defamation cases, news publisher flags truth defence
The Australian intends to bring a truth defence in defamation claims by dismissed executives of commercial real estate broker Jones Lang LaSalle, a court has heard. 
ATO appeals win for YTL Power in $948M dispute over ElectraNet sale
The tax commissioner is challenging last month's loss in a $948 million capital gains dispute with Malaysia's YTL Power.