Industries

Herberts Smith Freehills has bolstered its real estate group, snagging a Corrs Chambers Westgarth partner with expertise in complex real estate transactions.

Details of a settlement with AIG in a class action by investors in failed Linchpin reveal the insurer has paid out all of a $10 million policy and will hand over another $2.15 million in interest and costs.

Port logistics giant Qube has won the ACCC's blessing to buy port operations provider MIRRAT under the condition that it agree to not discriminate against downstream competitors at the Port of Melbourne.

Real estate investment manager Salter Brothers has resolved a spat with XL Insurance over more than $6 million in costs incurred in successfully defending itself in lawsuits by three clients.

Westpac is arguing timelines prepared by law firm Allens are privileged and should not be handed over in a shareholder class action over its alleged lax compliance with anti-money laundering laws.

Applicants in class actions against Hyundai and Kia over alleged defective braking will pay the car manufacturers' costs incurred for abandoned appeals, despite arguing the appeals were overtaken by subsequent events.

A Stockland consortium has finalised contracts with the NSW government to lead a major redevelopment of social housing in the inner Sydney suburb of Waterloo.

The state of Victoria can't set aside a liquidator's disclaimer over hazardous waste in a property rented by collapsed marine safety flooring company Fordex, with a judge finding the landlord's rights over the property and waste were not terminated by the disclaimer.

Muffin Break franchisor Foodco has defeated a franchisee's challenge to a ruling that put it on the hook for money owed under a rental agreement after the lease for the store at the Bayside Shopping Centre in Frankston was not renewed.

A survey of Property Council of Australia members has found optimism in the industry has improved, but concerns about housing supply remained a concern.