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Rising costs and evolving shopping trends have forced 188-year-old department store David Jones into voluntary administration, a day after its landlord revealed the retailer had not paid rent since September.
Pointing to the "litigious history" of the case, the High Court has refused leave to former Keybridge Capital director Nick Bolton to appeal a decision that found the company wasn't on the hook for covering his legal bill in a case over alleged duty breaches.
The Fair Work Commission has found that a solicitor who entered into a contract akin to an independent contractor agreement with Linkpoint Lawyers was an employee of the firm.
Construction PRO
The company behind the $1 billion Golden Beach gas storage project in Gippsland has fallen into administration, a fortnight after the Victorian government approved its licence.
Construction PRO
Retirement village owner Milstern was not obligated to exclusively negotiate with Sydney property developer Cranbrook for the sale of five of its villages, a judge has found in refusing to make orders blocking Milstern from talks with an alternative bidder.
Construction PRO
The bidding war for property developer Ingenia Communities continues, with private equity firm Warburg Pincus on Friday besting an offer made five days earlier by AVID Property Group.
Construction PRO
The Tax Office wants to hive off a contract dispute between Japanese conglomerate Mitsui and its Kipper gas field partners Esso and Woodside in a fight over a $298 million tax bill.
Mayne Pharma has agreed to sell its international unit to Evaris Pharma for $55.5 million, completing the South Australian company's pivot to a US-focused specialty pharmaceutical company.
A settlement has been reached in patent litigation brought by US biopharmaceutical company Gilead Sciences against generic drug maker Alphapharm over plans for a cheap version of Gilead's HIV drugs.
The FWC has found that Commonwealth Bank’s dismissal of a home loan executive was justified, after an investigation revealed WeChat communications with a third party who was receiving payments from CBA customers.