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Insurer Allianz and its distributer AWP have been convicted and fined $16.8 million after pleading guilt to charges of making false or misleading statements over travel insurance coverage.
HWL Ebsworth ex-partner asks High Court to overturn age-related expulsion
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A former capital partner of HWL Ebsworth wants the High Court to overturn a finding that he was validly expelled from the partnership, arguing the firm’s conduct breached the Equal Opportunity Act.
Gen AI ‘next frontier’ in construction, but not without its risks, experts say
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Generative artificial intelligence is a game changer for the construction industry, promising better collaboration and fewer costly mistakes, but the technology also presents a host of thorny legal challenges, experts say.
Stamford unit sues Parkview over 700-apartment Macquarie Park development
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A unit of Singapore developer Stamford Land Corporation has sued Parkview Constructions over alleged defects in a 700-apartment development in Sydney’s Macquarie Park.
Oreana acquires Stockland’s Townsville community development
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Property developer Oreana has added to its Queensland property portfolio, acquiring a 900-hectare masterplanned community from Stockland.
Zenith in $1.9B refinancing deal to support green energy projects
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Zenith Energy has signed a $1.9 billion refinancing, in a deal that also provides the remote off-grid power generation company with $1 billion in growth capital to support new projects.
Veolia wins tender to build $850M Canberra recycling facility
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French waste management company Veolia has signed onto a 20-year project to build and operate a recycling facility in Canberra that will process 1.3 million tonnes of household recycling.
Munich Re can bring fresh claims in $700M case against AMP
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Munich Reinsurance has been given the OK to bring additional claims in its $696 million lawsuit, which accuses AMP of misleading or deceptive conduct over a quota share agreement.
Government grants exploration licence for NSW wind farm
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The Albanese government has granted a feasibility licence to a partnership between Equinor and Oceanex Energy to explore offshore in northern NSW for a planned wind farm project.
Lundbeck, Sandoz end long-running Lexapro patent war
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Pharmaceutical giant Lundbeck has resolved its battle with Novartis unit Sandoz over top-selling drug Lexapro, a battle that has raged for years and across multiple courts.