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Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million.
JLL says CEO’s sacking over handling of harassment complaint warranted
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Commercial real estate group JLL has hit back at former CEO Daniel Kernaghan’s unfair dismissal case, saying he was sacked for mishandling a harassment complaint against a manager.
York Property loses appeal of $12.7M decision in dispute over Gold Cost high-rise
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York Property has lost an appeal in a dispute with builder Tomkins over a payment claim for work on a Gold Coast high-rise, with the appeals court declining to set aside an adjudicator’s decision that was later cut down to $12.7 million.
Ashurst reps Newcastle Airport on landmark Defence missile factory
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Law firm Ashurst has advised Newcastle Airport on arrangements for Australia’s first guided weapons manufacturing and maintenance facility, to be based at its Astra Aerolab precinct.
ACCC appoints NSW data chief as commissioner
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The Australian Competition and Consumer Commission has appointed the NSW government’s former chief data scientist as a commissioner, adding experience in AI as the regulator eyes a more data-driven approach.
Victoria’s IBAC inquiry recommends expanding definition of ‘corrupt conduct’
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An inquiry into Victoria’s corruption watchdog has suggested expanding the definition of ‘corrupt conduct’ to include not only criminal offences.
BHP’s $110M class action settlement OK’d, with half going to lawyers, funder
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A judge has approved a $110 million settlement in a class action against BHP over the collapse of a tailings dam, and has OK’d fees and commission reducing the sum by 50 per cent, despite concerns the costs were excessive.
SkyCity shareholder can’t bring action over $67M AUSTRAC penalty
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A SkyCity shareholder has lost his bid to bring a case against former executives and directors at the ASX-listed casino seeking to recoup a $67 million penalty over breaches of money laundering regulations.
Janssen wins injunction against Juno in patent fight over generic Invega
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Johnson & Johnson-owned Janssen has secured an injunction against drug maker Juno Pharmaceuticals, halting the release of Juno’s generic version of schizophrenia drug Invega Sustenna.
ATO’s appeal flops in $52M row with streetwear brand City Beach
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An appeals court has confirmed that a restructuring by streetwear retailer City Beach did not involve a $52 million tax avoidance scheme, tossing a challenge by the tax office.