Jones Day

Super fund trustee REST Nominees is the first of the Dexus bloc of APAC shareholders to challenge a finding that a default notice issued by the board of the airport operator was valid.

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.

Airport baggage handling company Alstef Australia is trying to halt Brisbane Airport Corporation from calling on $13.4  million in bank guarantees, in a dispute over a contract for works to upgrade the baggage system at the airport's domestic terminal.

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.

The operator of a planned private hospital in Townsville has lost a strike-out bid in a lawsuit alleging landowner Centuria Healthcare and developer Lautaret failed to carry out construction in accordance with a lease agreement.

Dexus has lost its case over the validity of a default notice issued by Melbourne Aiport's operator, with a judge saying the real estate asset manager breached the company's confidentiality and "irrevocably undermined" its relationship with fellow shareholders.

Heads may roll after a court on Friday rejected the evidence of key Dexus employees at trial over a breach of APAC's shareholder deed, in a ruling that revealed some insiders suspected the "embarassing blunder" would come back to bite.

The Australian Securities and Investments Commission has won a $33.5 million penalty against the operator of online retailer Snaffle for charging consumers inflated prices and overcharging on credit contracts.

ASIC has lost its case alleging software company Nuix failed to publish corrective disclosures that contradicted the growth story presented to the market in a prospectus for its $1.8 billion float on the ASX. 

A judge said Tuesday evidence in a case over the sale of a stake in Melbourne Airport's operator might justify a finding that shareholder Dexus acted unethically and immorally. But whether such a finding was relevant to the validity of a default notice at the centre of the suit is another matter.