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Construction PRO
Dexus said Wednesday it would simplify its $7 billion infrastructure division and refocus the business following a strategic review sparked by its costly dispute with Melbourne Airport's operator.
Construction PRO
Infrastructure fund manager Dexus must pay a total of $30 million in legal costs to Australia Pacific Airports Corporation and fellow APAC shareholders, after losing its case over a default notice that has forced a sale of Dexus' stake in the airport operator.
Construction PRO
Hearing a fight over $40 million in costs in a case over the sale of Dexus shares in Australia Pacific Airport Corporation, a judge has said he doubts the airport operator can recover the hundreds of thousands of dollars spent on a media consultant during the dispute.
A Sydney barrister has been found guilty of contempt in a fight with his chambers over $112,000 in alleged unpaid fees after he failed to follow court orders to hand over his financial documents and did not explain why he had not filed tax returns since 2016.
A judge overseeing the Hunter Valley bus crash class action has questioned why “reputable law firms” have failed to comply with discovery orders, and warned he might pull a Hammerschlag and give the applicants everything.
Former Today host Karl Stefanovic has reached a settlement in a dispute with his former business partner, with Stefanovic buying out her stake in their podcast business for an undisclosed amount.
Former Today host Karl Stefanovic is being sued by his podcast business partner, who alleges oppressive conduct and is seeing a buyout of her shares.
Construction PRO
Dexus is challenging the costs claimed by its opponents in a case over the sale of shares in Melbourne Airport operator APAC, calling out billed items that include after hours Uber Eats charges.
Private equity firm Potentia Capital has accused the founder of software company Soprano Design of shareholder oppression, claiming he prevented Soprano's former CEO from performing his role, leading to his resignation four months into the job.
US drug maker Cosette wants to strike out Mayne Pharma's causation pleading in its suit seeking damages after Cosette allegedly inducing the treasurer to reject their $672 million tie-up.