Global asset manager IFM Investors has hired a leading silk in a court battle with real estate and infrastructure manager Dexus, to assert its sizeable interest in the company that operates Melbourne’s Tullamarine Airport.
Dexus’ denial of a breach of confidentiality in a battle with co-owners of airport operator APAC is unlikely to hold up, a judge has said, and what appears to have been done can’t be undone. What the high-stakes row will come down to, he says, is materiality.
Real estate assets manager Dexus has won a court injunction against the forced sale of its shares in the company that operates Melbourne and Launceston Airports after allegations of confidentiality breaches.
West Gate Tunnel builders CPB Contractors and John Holland say engineer Aurecon Australasia should be on the hook for $359 million in damages for alleged design errors in Victoria’s West Tunnel project, a court has heard.
Dexus faces allegations it breached a shareholder deed in selling a stake in the privately-owned Asia Pacific Airport Corporation, which operates Melbourne and Launceston Airports.
The South Australian government has flagged new legislation to clarify ownership of the Whyalla Port following legal action to wrest control of the port from Sanjeev Gupta’s GFG Alliance.
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.
The head of Microsoft Australia will make the jump to Telstra’s $15 billion infrastructure business InfraCo, the latest step in the telco’s path to becoming an “AI-fuelled company”.
Coombes Property Group has been awarded $200 million in compensation for Sydney Metro’s compulsory acquisition of its CBD property, despite contending it was entitled to $430 million.
UK construction company Murphy is continuing its expansion with a 40 per cent stake in Sydney-based building company Abergeldie Complex Infrastructure.