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Construction PRO
Court approves Sev.en-funded recapitalisation of Callide power station
The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
Construction PRO
Mining companies Alkane, Mandalay to merge in $557M deal
Australian gold miner Alkane has entered a merger agreement with Canada's Mandalay to create a diversified gold and antimony producer with three operating mines.
Construction PRO
Self-storage REIT acquires stake in Abacus Storage
Self-storage investor National Storage REIT has acquired a stake in rival Abacus Storage Kings, which is currently mulling a $1.9 billion takeover offer from a rival.
Keybridge to stay in administration pending Nick Bolton appeals
Keybridge CEO Nick Bolton has won a stay of orders ending the company's administration as he appeals that ruling and another that found he and two other directors were validly removed and replaced at a board meeting.
iSignthis, auditor Grant Thornton hit with class action
A shareholder class action has been lodged against iSignthis and auditor Grant Thornton over the delisted fintech's 2018 financial statements.
Construction PRO
Amcor takes long-running remediation fight with Glenvill to High Court
The High Court has been asked to weigh in on when a court should step in when the machinery governing the entitlement to payments in a contract breaks down, in a dispute between luxury home builder Glenvill and Amcor over asbestos remediation at an industrial site in the Melbourne suburb of Alphington.
Construction PRO
Roberts Co NSW to be sold to UAE developer Arada Group
Roberts Co NSW is to be acquired by United Arab Emirates builder Arada, a month after the Australian construction business put its Victorian unit in administration.
Construction PRO
Judge slams ‘appalling’ conduct by Airservices in $690M Brisbane Airport PFAS case
While granting yet another extension, a judge has read the riot act to Airservices Australia for its breaches of court orders to file evidence in Brisbane Airport's $690 million case over PFAS chemical use.
Construction PRO
ATO wins round in case against ex-EY partner over tax scheme for property developer
WhatsApp messages are allowed in as evidence in the ATO's case against an ex-EY partner over an alleged tax exploitation scheme for clients that included developer Novce Grujoski.
Construction PRO
K&L Gates snags projects partner from White & Case
K&L Gates has hired a White & Case partner with over 25 years of experience on major projects to join its Melbourne office.