Arnold Bloch Leibler

A court has dismissed a bid to temporarily block a deed of company arrangement for Halo Tower developer FT Sydney, after hearing an injunction might jeopardise a sale to Cbus Property, set to settle in July.

The forced divestiture of Dexus' stake in airport operator APAC will proceed, after a court on Friday discharged injunctions temporarily blocking the sale amid a dispute over the disclosure of confidential information.

The High Court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, tossing an appeal by the ATO.

The High Court has agreed to weigh in on whether the court needs to wade into the details of an arbitration agreement before staying related proceedings, granted special leave to Esso and Woodside in a suit over a project for extracting hydrocarbons in the Bass Strait.

A judge has questioned why unsecured creditors will not give a promise to pay damages as they seek to stop a DOCA for the Milligan-owned developer of the $1.8 billion Halo Tower from going ahead, which could allegedly cause $100 million in losses. 

An appeals court has knocked back a constitutional challenge by the developers of a $38 million residential development seeking to set aside an adjudication determination on the basis that the Victorian SOP Act conflicts with the Australian Consumer Law. 

Preventing a DOCA for the Milligan-owned developer of the troubled $1.8 billion Halo Tower skyscraper in Sydney could cause $100 million in losses and jeopardise a sale to Cbus set to settle in July, a court has heard.

Dexus has stood down executives, sacked its advisers and launched a review of its $7 billion infrastructure division, following last week's judgment upholding the validity of a default notice by Melbourne Airport's operator.

Twenty-one former property owners at the site of the troubled 55-storey Halo Project skyscraper in the Sydney CBD have won access to a contract entered with Cbus Property shortly before developer FT Sydney went into administration. 

Promotion season continues, with Arnold Bloch Leibler welcoming two real estate solicitors to the partnership, along with two M&A lawyers.