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Construction PRO
Squadron makes way for BESS projects with $2.7B wind refinancing
Squadron Energy is poised to expand into battery storage and hybrid renewable energy projects after refinancing its $2.7 billion wind portfolio.
Construction PRO
Camden, developer reach settlement in sinking homes class action
A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has settled for $18 million, with a judge hearing numerous group members will not receive a payout.
Construction PRO
Growthpoint sells Perth Airport industrial property for $268M
Growthpoint Properties has agreed to sell its Woolworths distribution centre at Perth Airport to Western Australian developer Hesperia for $267.7 million.
Domino’s to appeal loss in underpayments class action
Pizza chain Domino's has confirmed that it will appeal a judge's finding that it misled franchisees on the pay its workers were entitled to, leaving them shortchanged.
Social media execs to front hearing over tougher kids ban penalties
Representatives from Meta, Google, TikTok and Snap will front a Senate hearing this week over whether they should face penalties of up to $99 million for failing to comply with new rules barring children under 16 from accessing their platforms.
Norton Rose hires corporate partner from Baker McKenzie
Norton Rose Fulbright has hired the former co-head of Baker McKenzie's Australian healthcare and life sciences group to join its corporate practice group in Sydney.
Arrium directors, KPMG deny ‘playing games’ in class action trial
A mid-trial fight has erupted in a class action over the collapse of steelmaker Arrium, with the company's auditor and directors saying the case had swerved, and the plaintiff accusing the respondents of "playing games".
Bendigo Bank to cop $8M penalty from APRA over cyber breach
Bendigo and Adelaide Bank has been hit with enforcement action by the prudential regulator for cybersecurity failures by a former business, and has agreed to an $8 million penalty.
Construction PRO
$1.2B Mandarin Centre redevelopment sparks courtroom fight
One of the entities behind the $1.2 billion redevelopment of the Mandarin Centre in Chatswood, Sydney has launched proceedings against its former business partner, alleging it acted in breach of its good faith obligations when it agreed to buy out its stake.
Construction PRO
Law firm can’t gag solicitor in ‘deposit flicking’ dispute
A judge has declined to block a solicitor from representing that a new conveyancing firm, which aims to help real estate agents comply with AML/CTF obligations by holding property deposits, is operating an illegal business model.