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A former Cushman & Wakefield managing director has filed proceedings alleging the commercial real estate broker unfairly terminated his employment to prevent him from keeping a $1.5 million sign-on bonus.
Domain to recommend shareholders approve $2.8B CoStar acquisition
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Domain has announced it will recommend shareholders vote to approve a takeover by US real estate company CoStar that values the real estate listing site at $2.8 billion.
HSF advises government-owned green bank on $160M real estate investment
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Herbert Smith Freehills has advised government-owned green bank the Clean Energy Finance Corporation on its $160 million co-investment in sustainable construction projects.
Merkon wins $2.4M in dispute over Hawthorn development
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A developer has been ordered to pay Merkon $2.4 million for construction work on a Hawthorn residential building, with a court finding that the outstanding costs were still payable despite the builder having a stake in the units.
Court rejects plea to halt reburial of Indigenous remains
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A court bid to bar reburial of the remains of 108 Indigenous people, including the oldest known human remains found in Australia, has been dismissed.
AUSTRAC wants intel in Entain case kept out of criminal hands
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AUSTRAC has sought to suppress parts of its case against the operator of online gambling sites Ladbrokes and Neds, arguing the information should not get into the hands of criminals.
Nine data breach exposes details of 16,000 masthead readers
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The personal information of 16,000 Nine newspaper subscribers has been exposed in a data breach that affected all three of the publisher’s major mastheads.
Star’s NSW licence suspension extended for six months
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The suspension of Star’s NSW casino licence has been extended for a further six months, as the company works to stabilise its finances.
Use AI responsibly, says Federal Court’s top judge
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The Federal Court’s Chief Justice has flagged a consultation process ahead of finalising a position on the use of artificial intelligence, telling lawyers to use it “in a responsible way” in the meantime.
ANZ class action judge issues warning to third-party claim aggregators
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A judge overseeing the settement approval process in a flex commissions class action against ANZ has issued a warning to third parties “seeking to profit” off group members, as a claim aggregator appears on the scene.