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Real estate asset manager Dexus has won access to advice given by the lawyers of two shareholders of airport operator APAC over an alleged breach of a shareholder deed.
Shinetec wins round in spat over $185M Gosford development
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A judge has handed Shinetec a win in its dispute with the developer of a scuttled $185 million project in Sydney, finding that $48 million owed by the builder to its parent company after the developer called on a letter of credit fell within the definition of ‘secured money’.
Court throws out native title appeal over AngloGold mining leases
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An appeals court has confirmed that mining companies AngloGold and IGO Limited did not need to renegotiate native title approvals when they consolidated 31 existing mining leases into a single lease.
National Storage REIT receives $4B takeover offer from Brookfield consortium
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A consortium of Brookfield Property and GIC Investments has moved to acquire National Storage REIT, making an offer that values the self-storage investor at $4 billion.
Developer Paul Chiodo appeals liquidator’s $9M proof of debt rejection
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Property developer and former director of collapsed Keystone Asset Manager Paul Chiodo is appealing the rejection by liquidators of a $9 million proof of debt.
Cbus trustee must pay $23.5M in ASIC case over delayed death benefits
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A judge has ordered trustee United Super to pay $23.5 million after admitting it was liable for excessive delays in processing $20 million in death and disability claims.
Uber Eats, Doordash reach historic deal on standards for gig workers
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Uber Eats and DoorDash have reached a landmark deal with the Transport Workers Union to set baseline pay and protections for gig workers.
Bendigo Bank says review found systemic AML/CTF failures
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A Deloitte review has found lax compliance with anti-money laundering rules by Bendigo Bank over a six-year period.
Foxtel can’t knock out Tencent’s Arena Breakout trade mark
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Chinese video game giant Tencent can amend a bid to register its Arena Breakout videogame trade marks, after IP Australia found only minimal overlap with Foxtel’s ‘Arena’ brand.
Maddocks adds senior lawyer to beef up disputes resolution team
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Law firm Maddocks has appointed a new special counsel for its dispute resolution practice, to be based in Canberra.