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Construction PRO
A court has clarified that BaptistCare Community Housing can use a social housing property in Five Dock to secure a loan from Housing Australia for improvements at the site.
Construction PRO
Lender WholeCap has lost its bid for a “break fee” and $430,000 in legal costs billed by King & Wood Mallesons associated with a term sheet for a proposed $66.1 million loan to a Harbour Land entity.
Construction PRO
King & Wood Mallesons has advised Transgrid on a project to connect the country's first renewable energy zone to NSW's energy grid.
Construction PRO
A contractor working on upgrades at the Metropolitan Remand Centre in Victoria has filed proceedings against the Victorian Correction Infrastructure Partnership, arguing a dispute resolution clause in their contract runs afoul of the SOP Act.
Construction PRO
Australian mining company Gold Road Resources has agreed to a $3.7 billion takeover by South African mining company Gold Fields.
A judge has signed off on a settlement in a class action by investors in failed advisory firm Linchpin Capital, with insurer AIG paying $12.15 million and forfeiting its right to appeal a liability finding.
Construction PRO
In a "unique approach" to public-private partnerships, Corrs Chambers Westgarth has advised the sponsors and contractors on a landmark project for Australia's first renewable energy zone.
The funder that backed a failed shareholder class action against an ex-Quintis director and EY is fighting a bid for a third-party costs order, arguing such orders shouldn't be imposed on funders where there is no doubt they will pay up.
An investor class action against failed advisory firm Linchpin Capital has sought court approval of a $12.15 million settlement with insurer AIG, which will leave 176 group members to share in $7.2 million after deductions.