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Construction PRO
IAG makes strategic investment in modular builder Spacecube
IAG has made a strategic investment in modular building company Spacecube following a successful pilot program in Victoria during the January bushfires.
Construction PRO
Charter Hall scoops up Tooronga Village for $79M
Charter Hall has acquired the Tooronga Village Shopping Centre in Melbourne's eastern suburbs for $79 million.
Racing NSW scores win in fight over administration of Australian Turf Club
An appeals court has overturned a finding that Racing NSW was not entitled to appoint administrators to the owners of Sydney’s Randwick Racecourse.
SkyCity to pay $21M in settlement with SA gambling authority
SkyCity has agreed to pay a $21 million fine in an agreement with the South Australian gambling authority following an inquiry by former Supreme Court Justice Brian Martin which found historical compliance and governance failures.
Construction PRO
Martinus Rail defeats appeal over $23M payment claim
An appeals court has upheld a finding that grain exporter Co-operative Bulk Handling responded too late to a $22.6 million payment claim from Martinus Rail, agreeing that the clock started ticking on a Saturday. 
Construction PRO
KPMG ‘gravely misused’ auditor position, Lendlease chair says
Lendlease chair John Gillam has said the company's board was “deeply discontented” with KPMG’s alleged misuse of its confidential information but was stuck with the accounting firm until the end of the financial year. 
Construction PRO
Builder can’t revise negligence claim in suit over Sydney Markets
A builder has lost its bid to amend a negligence claim in a dispute over a warehouse refurbishment contract in Sydney’s Homebush. 
Construction PRO
Builtcom wins round in $21M dispute over Burwood development
Builtcom has scored a win in a fight over termination payments connected to a development in Melbourne's east, with a judge finding the entitlement to the payments was not extinguished by non-compliance with progress claim procedures.
Construction PRO
Judge gives Seymour Whyte security, moans ‘glacial pace’ of subcontractor row
A judge has criticised the “glacial pace” of a dispute between Seymour Whyte and a subcontractor that stretches back over a decade, while awarding the construction company a further $150,000 in security for costs.
In CBA class actions, High Court asked to adopt Worley approach
The lead shareholder in class actions against CBA has urged the High Court to take a "common sense" approach to loss causation in securities cases, as endorsed by the Full Federal Court in last month's ruling for Worley's investors.