Corporate

Macquarie Capital has hit back at a class action over an alleged misleading prospectus for Nuix’s $1.8 billion IPO, saying it was entitled as underwriter to rely on the software company's promises.

Global law firm Jones Day has recruited two corporate partners from rival Hogan Lovells to join its transactions team in Sydney.

A shareholder and creditor of failed energy company Armour Group will have to front $3.5 million in security in its case against law firm Baker McKenzie and others ahead of an upcoming trial.

Allens has advised Clean Energy Finance Corporation on a $1.9 billion investment in two Transgrid projects, one of which will connect Snowy Hydro 2.0 with Sydney and regional NSW.

Property fund manager GPT Group has announced it will increase its stake in Melbourne’s Highpoint Shopping Centre to 25 per cent in a $204.6 million transaction.

A former ANZ trader who was allegedly axed after complaining about manipulation of the bank bill swap rate has largely lost his application to amend his case.

A judge has struck out engineering firm Destec’s claim that an ex-director used confidential information in developing an ore transport system for MinRes, but has given it a chance to replead.

A court has ordered ASX-listed childcare company G8 Education to advance the legal costs of its embattled former chair, Jennifer Hutson, who faces a criminal trial next month.

Chinese builder Yuanda has settled a lawsuit against its former director that alleged he diverted building contracts, including a project with Lendlease, to his current employer SRG Global. 

A bidding war has broken out after Singaporean developer Ho Bee Land made a $390 million offer to acquire developer AVJennings, months after AVID Property Group lodged a takeover offer.