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Construction PRO
SIXT says airport operator seeking ‘best of both worlds’ in $1.9M rent feud
German car hire company SIXT has attacked the Darwin International airport owner's construction of their lease contract in a $1.9 million spat over the appropriate formula for rent calculations, saying it was trying to have the "best of both worlds".
Construction PRO
Santos must show it can pony up cash to retire Reindeer, court told
Trial in a case by the Wilderness Society challenging Santos' plans for its Reindeer gas field kicked off Tuesday, with counsel for the activist group saying the energy giant needed to show it coud cover decommissioning costs.
Construction PRO
NextDC launches $1B securities offer as data centre growth surges
NextDC has issued a $1 billion wholesale securities offer to finance its growth, as the global data centre business booms on the back of an AI frenzy.
Judge wants more info on ‘extraordinary’ legal fees in AMP class action
A judge has asked for more information on why he should approve $43.1 million in legal fees in a class action against AMP that settled for $120 million, calling the amount "extraordinary" and "troubling".
Latest MWL Financial adviser DQ’d for steering investors to Shield
A Melbourne adviser is the latest person linked to MWL Financial to be banned for spruiking Keystone Asset Management's failed Shield fund to clients.
Construction PRO
Hammer not having it: Trial in APAC, Dexus row starts, then stops
Questioning of the first witness in Dexus' case against Melbourne Airport's operator was an hour in when trial was halted by the judge, who complained of flying by the seat of his pants, documentary evidence-wise.
a2 Milk to pay $62M to settle shareholder class action
Dairy giant a2 Milk has agreed to cough up $62 million to settle a consolidated shareholder class action over a 2021 guidance.
Chemist Warehouse must bargain with SA workers after failed appeal
The Fair Work Commission has rejected Chemist Warehouse's appeal of orders requiring it to negotiate a multi-employer agreement with its South Australian workforce under new bargaining laws.
Construction PRO
Vicinity, Ipoh win $470,000 from Galeries Shopping Centre tenant
Retail property group Vicinity and GIC's Ipoh have won $470,000 from a former tenant at Sydney's Galeries Shopping Centre to cover unpaid rent, damages and fitout restoration costs.
In Mastercard case, judge says suppression bids ‘spiralling out of control’
A judge has said he will not be able to decide all the suppression applications in the ACCC’s misuse of market power case against Mastercard ahead of trial, saying the court was facing an “unreasonable, if not oppressive” burden.