BHP has reached a $3 billion agreement with BlackRock for the asset manager’s Global Infrastructure Partners to take an interest in Western Australia Iron Ore’s inland power network.
Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million.
Commercial real estate group JLL has hit back at former CEO Daniel Kernaghan’s unfair dismissal case, saying he was sacked for mishandling a harassment complaint against a manager.
The Australian Competition and Consumer Commission has appointed the NSW government’s former chief data scientist as a commissioner, adding experience in AI as the regulator eyes a more data-driven approach.
York Property has lost an appeal in a dispute with builder Tomkins over a payment claim for work on a Gold Coast high-rise, with the appeals court declining to set aside an adjudicator’s decision that was later cut down to $12.7 million.
Law firm Ashurst has advised Newcastle Airport on arrangements for Australia’s first guided weapons manufacturing and maintenance facility, to be based at its Astra Aerolab precinct.
A judge has approved a $110 million settlement in a class action against BHP over the collapse of a tailings dam, and has OK’d fees and commission reducing the sum by 50 per cent, despite concerns the costs were excessive.
Johnson & Johnson-owned Janssen has secured an injunction against drug maker Juno Pharmaceuticals, halting the release of Juno’s generic version of schizophrenia drug Invega Sustenna.
An appeals court has confirmed that a restructuring by streetwear retailer City Beach did not involve a $52 million tax avoidance scheme, tossing a challenge by the tax office.
Police have arrested four individuals who are suspected of being involved in a money laundering operation at a Bendigo Bank branch in Victoria.