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Construction PRO
Dexus agrees to absorb shareholders’ costs of legal tussle with APAC
Real estate asset manager Dexus will cover the legal costs of shareholders whose stake in Australia Pacific Airports Corporation hangs in the balance, as it reveals a $55 million book value increase.
PwC report found TerraCom netted $1.1M from inconsistent coal pricing, court hears
ASIC has told a court that a PwC report into allegations of inaccurate coal pricing found that 12 “inconsistent” invoices issued by TerraCom resulted in a $1.15 million benefit to the company, contrary to the company's claim that the audit found no wrongdoing.
Construction PRO
Clough’s $54M cross-claim stayed in feud with JV partner over EnergyConnect project
A judge has stayed engineering firm Clough’s $54 million cross-claim against its former joint venture partner on the EnergyConnect transmission project, Elecnor, saying the claim must be sent to arbitration.
Construction PRO
Court sets date for Dexus fight with APAC, investor funds
The date has been set for a court battle over Dexus' sale of shares in Asia Pacific Airport Corporation, a fight the operator of Melbourne and Launceston airports says needs 10 hearing days.
Law professor sues Arnold Bloch Leibler over tax advice
A Melbourne-based business and law professor has sued Arnold Bloch Leibler,  alleging the firm gave him bad tax advice and failed to advise that he could have avoided paying Australian income tax on an inheritance from his late father, a prominent Indonesian businessman.
‘Low quantum’ junk insurance class action to leave group members with ‘almost nothing’, court told
Mortgage broker Lendi Group and insurer ALI Group want to declass a junk insurance class action, telling a judge that even in a successful scenario, the more than 13,000 group members will be left to share only $2.5 million. 
‘All or nothing gamble’: Law firm slams Aussie Home Loans declassing bid
Mortgage broker Lendi Group and insurer ALI Group want a proceeding on behalf of tens of thousands of Aussie Home Loans customers to be stripped of class action status.
Privilege waiver over Clifford Chance email doesn’t open door to discovery: court
An email to lawyers at Clifford Chance relied on to show investor Fiona Lock’s understanding of a contested $150 million profit sharing deal with trading platform Pepperstone did not open the door to further correspondence.