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Construction PRO
A federal competition claim by the owner of a lot in the Merrifield Business Park masterplanned community over a restrictive covenant preventing it from leasing the land will be decided by a state court.
ASIC has taken Macquarie Securities to court alleging it failed to accurately report at least 73 million short sales over a period of 14 years.
Construction PRO
Melbourne developer Dahua has filed proceedings against a furniture company claiming it is owed $3.4 million in unpaid invoices and development fees for a luxury residential development in Hawthorn.
Western Power, Ventia, and a property owner found jointly liable for loss arising from the Parkerville bushfire are equally liable to each other for any costs orders in favour of the plaintiffs in the case, after a judge found he could not disturb existing costs orders in a new proceeding.
Construction PRO
Explosives company Dyno Nobel has entered into a $194 million contract to divest land on Gibson Island in Brisbane, reportedly selling the site to property investment giant Goodman Group.
The former CEO of the Star was not responsible for every aspect of the business and instead played a "supervisory role", a court has heard in ASIC’s case over the casino’s money laundering failures.
A court has approved a $64 million settlement in a consumer class action against the NAB units MLC Trustees and NULIS Nominees, with 69 per cent of the settlement sum to go to group members.
Construction PRO
Petrol giant Ampol has announced it is exiting the retail electricity market in Australia and New Zealand, divesting its assets to AGL and Meridian to direct its focus towards electric vehicle charging and renewable fuels.
Two soon-to-be consolidated class actions against Harvey Norman are fighting the retailer’s bid to appoint a costs referee, saying this was unnecessary given their plan to secure a group costs order.
Construction PRO
AGL has sued Siemens for damages stemming from a generator outage at its coal-fired power station in Victoria's LaTrobe Valley, which the energy company said at the time had resulted in a $70 million profit hit.