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Lendlease has vowed to appeal its failed bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, saying it could face a $100 million write-off if unsuccessful.
Lawyer cops ban for advising on $70M property deal in breach of practice conditions
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A Sydney lawyer has been hit with a one-year ban after a tribunal found he acted in a personal capacity for a friend in a $70 million property deal but falsely represented that he was acting for his employer.
Queensland to review renewable energy targets
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The Queensland government has vowed to review legislation that set out the state’s renewable energy targets and has pledged to keep coal power plants running beyond 2035.
Abergeldie wins contract for $100M bypass in Pitt Town, Sydney
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Abergeldie Complex Infrastructure has been awarded a contract by the NSW government to construct the $100 million Pitt Town bypass in Sydney’s outer north west.
Stand-by duty is paid work, court says in win for pilots’ union
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An appeals court has upheld a decision that found a pilot employed by Corporate Air Charter is entitled to be paid for stand-by duty.
Builder accused of ‘pattern of incompetence’ can’t lift VBA suspension
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The Victorian Civil and Administrative Tribunal has thrown out an application to pause the suspension of a builder, who allegedly did not consider fire safety measures in the design of a disability housing project.
AIG reaches settlement in Linchpin investor class action
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A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
Judge calls out ‘ambiguities and circularities’ in Mercedes-Benz class action
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Mercedes-Benz has taken aim at an amended group definition in a class action over alleged defeat devices designed to cheat emissions testing, with a judge agreeing that it contains “ambiguities and circularities”.
CIMIC class action wins court nod for $45.25M settlement
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A judge has approved a $45.25 million settlement in a shareholder class action against engineering firm CIMIC over disclosures relating to its Middle East business.
Star accepts $300M takeover offer from Balley’s
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Star has agreed to a $300 million deal that will see the embattled company taken over by US-based casino operator Balley’s.