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Construction PRO
Real estate returns are rebounding across all sectors, with the office sector entering a recovery cycle, led by the Sydney CBD, according to a new report from Dexus.
Construction PRO
Fletcher Building says it has begun exploring divestment options for its construction divisions following a restructure, after confirming inquiries from prospective buyers last month.
A judge has slammed a Herbert Smith Freehills Kramer partner's submission that it is not good practice to subpoena witnesses in complex litigation -- saying this was "news to [her]" -- and rejected client AMP's bid to have a key witness testify from an Airbnb.
Ord Minnett has resolved a suit by a former exec claiming he was sacked for complaining about a $110,000 pay cut imposed after ASIC slapped the wealth management firm with a $880,000 penalty for breaching market integrity rules.
Construction PRO
A superintendent on a $25 million Melbourne project had no power to make an adjustment to a payment claim for purported cost overruns that left the builder owing more than the value of its claim, a judge has held.
The Australian Securities and Investments Commission is taking a third swing at cyber enforcement proceedings, suing financial planner Fortnum Private Wealth after a breach saw the data of 9,000 clients published to the dark web.
Construction PRO
The body corporates for beachfront blocks on the Gold Coast have failed in their bid to knock back two land valuations by a combined $28 million, with a Land Court member finding oceanfront land fetches a higher premium.
JB Hi-Fi wants an advance ruling in a class action on the period of cover provided to customers for breach of statutory guarantees under the consumer law, a question that has never been addressed by the courts.
The applicant in one of four declassed COVID-19 business interruption class actions has reached a settlement under which it will receive $100,000 and the funder the backed the case will pay $1 million towards Insurance Australia's costs.
Construction PRO
Dyldam Developments' former boss Sam Fayad and his two sons have been ordered to pay over $50 million in a case by the liquidator of a special purpose vehicle claiming company funds were misused.