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Construction PRO
JY Group puts down $318.6M for stake in Bankstown Central shopping centre
Real estate investment manager JY Group has acquired a 50 percent stake in the Bankstown Central shopping centre in Sydney's south-west for $318.6 million.
Construction PRO
Group opposing Bucketty’s Brewery pub dodges bid for security
Bucketty’s Brewery has failed to convince the NSW Land and Environment Court to order security against a community group seeking to overturn a local council’s approval of the brewery’s plan to build a new pub and cafe.
Construction PRO
Builder Devakon hit with $120K judgment for defects in Malvern development
Builder Devakon has been ordered to pay $120,000 to remedy defects in an apartment development in the Melbourne suburb of Malvern East, dodging the owners’ bid for damages of almost $1 million.
Finish maker can’t trademark dishwasher tablet shape
Finish maker Reckitt Benckiser has lost its bid to trademark the shape of its dishwashing capsule, with a delegate finding it was not a “wholly concocted” shape that can be distinguished from similar products by other brands.
Paladin director disqualified in ASIC case over ‘entirely fanciful’ $1B valuation
ASIC has won banning orders against a Paladin and MacroLend director, with a judge finding investors were enticed by his “entirely fanciful” $1.02 billion valuation of Paladin unit Kradle Software.
Construction PRO
Cobolt fights Duke developer’s recourse to security in feud over project
The builder of the Duke apartment complex in the inner city Melbourne suburb of Collingwood wants a court to block the property developer from accessing a bank guarantee as their dispute over the project continues.
Court calls ASIC out for ‘kitchen sink’ approach to pleadings in Mawhinney case
A judge has taken ASIC to task for pleading its remitter case against Mayfair 101 Group director James Mawhinney in minute detail, but has rejected arguments the regulator ran the proceeding in an “oppressive and unmeritorious” way.
Rebel Wilson hit with fresh defamation suit over Instagram posts
Actor and director Rebel Wilson faces a second defamation suit over social media comments connected to her movie 'The Deb'.
Construction PRO
Santos must hand over info in activist’s challenge to Reindeer gas field plan
Santos has failed to convince a judge that it should not provide documents relied on by NOPSEMA to approve the company’s environmental plan for its Reindeer gas field in judicial review proceedings.
ASIC takes RACQ to court alleging false comparison pricing
The corporate regulator has filed proceedings against RACQ, one of Queensland’s largest insurers, alleging it sent customers renewal documents with misleading comparison pricing.