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Construction PRO
Lederer’s takeover offer for Elanor Funds ‘neither fair nor reasonable’: report
Elanor Funds Management's board on Friday unanimously recommended that securityholders reject the takeover offer and provided an expert independent report from Kroll Group that concluded the offer of $0.70 in cash per stapled security undervalued the fund.
Construction PRO
Civil construction firm Shamrock loses second attempt to toss $30M Cleanaway claim
An appeals court has binned construction firm Shamrock's second bid to toss waste management firm Cleanaway’s $31 million claim for costs associated with cleanup of an Ipswich dump following a flood.
High Court asked to clarify test for damages in shareholder class actions
Saying the appeals court committed "fundamental errors" in approaching their claim of loss, the applicants in failed cases against the Commonwealth Bank have appealed to the High Court, in a case that could clarity the elusive test for damages in shareholder class actions.
Construction PRO
Cobalt wins injunction in fight over $8M contract for Collingwood development
The builder of the Duke apartment complex in the Melbourne suburb of Collingwood has blocked the property developer from accessing a bank guarantee, with a judge finding there were serious issues to be tried over payments under their $8 million contract.
Construction PRO
Colin Biggers & Paisley construction ace appointed managing partner
A construction law expert has been appointed as the new managing partner of national law firm Colin Biggers & Paisley.
Abbey in ‘pyrrhic victory’ against Virbac over antiparasitic drug patent
Abbey Animal Health has managed only a “pyrrhic victory" in a patent case against rival Virbac over an antiparasitic drug, and must withdraw its Levamox Duo product from the market, a court has found.
Construction PRO
Court OKs Central Element’s lux Bondi Beach residential development
The NSW Land and Environment court has approved developer Central Element's plans for its $100 million 'Lamrock Avenue' luxury residential development in Bondi Beach, following a conciliation conference with the local council.
Seven Network faces underpayments class action investigation
Media giant Seven Network is facing a class action investigation into possible underpayments, including the alleged failure to pay rest breaks and overtime.
Construction PRO
CPB joint venture wins payment spat over Brisbane rail project
A joint venture launched to construct sections of Brisbane's new Cross River Rail station has successfully challenged an adjudicator’s order that it pay $2.7 million to a steel supplier.
Fanatics takes trade mark spat with AFL merch maker to High Court
Sports merchandise company Fanatics is going another round in its trade mark fight with AFL apparel maker FanFirm, urging the High Court to give guidance on the defence of honest concurrent use.