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Construction PRO
Receivers for the troubled $500 million East Rockingham waste-to-energy project may have to explore other options after the ACCC expressed competition concerns about Acciona's bid to acquire the project in Western Australia.
The ACCC will not oppose the Omnicom Group’s planned $21 billion acquisition of The Interpublic Group of Companies, with the regulator finding the transaction was not likely to substantially lessen competition.
ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”.
Glencore Coal has lost its case against the Port of Newcastle alleging it has been overcharged shipping fees based on a determination by the competition watchdog.
Private equity firm Goldstone has cited an "irretrievable breakdown" in the relationship between shareholders in seeking to appeal a ruling that found it liable for oppression.
The ACCC is concerned Acciona’s proposed acquisition of the East Rockingham waste-to-energy project would remove competition between the only two such facilities in Western Australia.
ASIC has opposed a bid by online investment platform eToro to rely on late expert evidence in the regulator’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.
The legal watchdog’s latest case against the owners of a Melbourne law firm -- part of countless "collateral" proceedings between the parties -- should be fixed for a final hearing ASAP, a judge has said.
Construction PRO
Developer Synergy has won an injunction in a dispute over the construction of a student accommodation in Adelaide, with an appeals court finding the primary judge did not correctly weigh the prejudice to Synergy if it had to pay up to $2 million in guarantees.
Auditor KPMG has hit back at a shareholder class action over water treatment business Phoslock’s alleged accounting irregularities, saying it should be completely relieved from paying damages since it acted honestly.