Real estate asset manager Dexus wants information that the Asia Pacific Airport Corporation gave to several consultants in a court battle over allegations it breached a shareholder deed in selling a stake in the airport operator.
A judge has approved a 35 per cent group costs order in a shareholder class action against WiseTech, but said the relatively high rate could be revisited by the court at a later stage in the case.
Energy giant Santos has won a dispute over its Gladstone LNG project, described by a court as “litigation on a monumental scale”, securing a $692 million judgment against engineering firm Fluor with the help of four silks.
US firm Jones Day is growing its Brisbane office, snagging a partner from Ashurst for its labor and employment group.
The law firm running a shareholder class action against WiseTech is seeking a group costs order that would give it a 35 per cent cut of any settlement, arguing the relatively high rate was justified by the risks of running the case.
Jones Day has lured a real estate expert from Clayton Utz to join its Brisbane office as a partner.
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.
The ATO has won its challenge to a finding that it waived privilege over draft expert reports in an email referring to its contents, with a court saying disclosure of the substance of information is not per se inconsistent with maintaining privilege.
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.
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.