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Turning back to counsel on rising from the bench after an urgent hearing in a dispute between Dexus and the operator of Melbourne airport, Justice James Stevenson told them what his impending retirement would mean.
Court sets date for Dexus fight with APAC, investor funds
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The date has been set for a court battle over Dexus’ sale of shares in Asia Pacific Airport Corporation, a fight the operator of Melbourne and Launceston airports says needs 10 hearing days.
Brookfield sells down stake in Dalrymple Bay Infrastructure
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Brookfield has shed 23.2 per cent of the stapled securities in major coal exporter Dalrymple Bay Infrastructure, but remains the major shareholder, retaining a 26.25 per cent interest in the venture.
Non-bank lenders may soon play $90B role in real estate funding
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Private credit supporting Australian real estate could grow by 80 per cent over the next five years, largely fueled by increased residential development lending, according to forecasting by CBRE.
NSW government invests $115.5M in logistics precinct for clean energy push
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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me The NSW government has budgeted $115.5 million for a new logistics precinct in Newcastle, which will be used to store equipment needed for the state’s renewable energy push. The Minns government allocated $115.5 million for the new precinct — located next…
Law firm loses challenge to $1.1M fee cut in Aveo class action
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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me An appeals court has dismissed a law firm’s challenge to a ruling that cut $1.14 million of its fees from a settled class action against retirement home operator Aveo, noting the “inordinate delay” in preparing key evidence. The class action, launched…
NACC finds no corruption in $2.5M Brittany Higgins settlement
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After an extensive investigation, the federal corruption watchdog on Thursday cleared the government’s $2.5 million settlement with former Liberal staffer Brittany Higgins of allegations of improper influence.
ATO gets shot at undoing landmark tax ruling with High Court grant
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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me The High Court has agreed to hear the ATO’s bid to reverse landmark ruling that found an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, a decision that affects $50 billion in trust distributions. The…
High Court to rule on whether India can dodge $111.3M arbitral award
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The High Court has agreed to review a ruling that found India was immune from a suit seeking to enforce a $111.3 million arbitral award because it did not involve a ‘commercial’ matter.
ACCC won’t oppose Allianz’ tie-up with RAA
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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me The ACCC will not oppose Allianz Australia’s plan to acquire the personal insurance business of the RAA after finding the transaction, which is part of a $642 million deal, does not pose a substantial threat to competition in the South Australian…