Industries

Czech investment firm Sev.en has settled its case seeking urgent access to the financials of the Millmerran power station in Queensland as it looks to sell its stake in the asset, after flagging potential claims of misleading conduct. 

Dexus has surpassed its target of $2 billion in divestments by the end of the current financial year by selling two Sydney office buildings and one in Brisbane for $715 million.

Three-storey housing should be allowed in most suburbs, the Productivity Commission has recommended in a report that finds existing housing regulations have stymied new developments.

Ark Energy has reached a financial investment decision on its $1.3 billion Richmond Valley solar farm and battery energy storage system in northern New South Wales, clearing the way for construction on the hybrid project.

The applicants in class actions over alleged engine defects in Hyundai and Kia vehicles can file amended cases, over the objections of the car makers, which claim the new pleadings are "worse" despite millions of dollars having been spent on discovery.

A judge has allowed broadcaster Australian Radio Network to use two affidavits filed in settled proceedings by shock jock Kyle Sandilands in defending co-host Jackie ‘O’ Henderson’s case, finding the affidavits were filed “voluntarily”.

REST Nominees has lost an injunction bid barring the sale of the Dexus bloc of shares in Melbourne Airport's operator pending an appeal, after refusing to give an undertaking that it foot the entire damages bill if its challenge fails.

Metals Manufactures has launched legal action for $33 million in damages against Fletcher Building and unit Crane Group, saying it was misled into paying $170 million for plumbing supply business Tradelink.

A judge has said she does not want multiple expert reports in a $359 million lawsuit by builder CPB Contractors and John Holland against engineer Aurecon alleging defects in Melbourne's West Gate Tunnel.

A group opposing a Southern Cross Gold unit’s Victorian gold tunnel project has been ordered to pay $50,000 in security, with a judge saying he was unconvinced the case is purely in the public interest.