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BP has been taken to court by its joint venture partner on one of the world’s largest renewable energy projects, situated in the Pilbara region.
Owners of lux waterfront Northbridge home can’t dodge invoices by builder
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The owners of a luxury property in Sydney’s Northbridge owe the home’s high-end builder payment of oustanding invoices, after a judge rejected as “absurd” the couple’s construction of a special condition in their contract.
AIA hits architect, builder with cross-claims in cladding class action
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Insurer AIA, fresh off losing a bid to be severed from a class action over alleged combustible cladding installed in two high-rise towers in a Sydney suburb, has lobbed cross-claims at the towers’ architect and builder.
Clarke Energy can’t set aside $8.7M arbitration win for Territory Generation
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Power plant engineer Clarke Energy has lost a challenge to an arbitration win for NT energy provider Territory Generation for delays in construction work on two Alice Spring power facilities.
StrongRoom AI unit warns creditors to sort out freezing orders fast
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A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
AVID wins approval for 300-home Waterford development in NSW’s Hunter Valley
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AVID Residential has secured approval for a 300-lot development in Chisholm, NSW, following an appeal of a deemed refusal by the Maitland City Council.
Brickworks settles competition suit against rival BGC
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Australia’s largest brick manufacturer Brickworks has settled a competition case brought against rival BGC, a company founded by billionaire Len Buckeridge.
Regulator hikes up ANZ capital requirements to $1B amid risk concerns
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APRA has increased ANZ’s capital add-on requirement by $250 million to account for operational risks, after a report highlighted “persistent and prevalent” problems at the bank.
Allianz’s $170M class action settlement OK’d, law firms to pocket $42.5M
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A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
ACCC loses High Court appeal in CFMEU boycott case
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In a loss for the ACCC, the High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU merely by yielding to a threat of industrial action.