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Investment firm Alceon and retail consultancy Aktiv have acquired major Gold Coast shopping centre The Strand Coolongatta for $142 million, with plans to upgrade the site.
Frasers exits ‘challenging’ Melbourne CBD market with $195M office tower sale
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Singapore-based real estate investment manager Frasers has offloaded an office tower on Melbourne’s Collins Street for $195 million in a strategic exit from the city’s “challenging” office sector.
Builder banned for five years after leaving 300 creditors out $94M
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A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.
Goldstone denies shareholder oppression, blames ‘irretrievable breakdown’ in relationship
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Private equity firm Goldstone has cited an “irretrievable breakdown” in the relationship between shareholders in seeking to appeal a ruling that found it liable for oppression.
ACCC won’t oppose Omnicom’s $21B acquisition of Interpublic
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The ACCC will not oppose the Omnicom Group’s planned $21 billion acquisition of The Interpublic Group of Companies, with the regulator finding the transaction was not likely to substantially lessen competition.
Class action failure won’t stem tide of climate litigation, experts say
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Legal experts say climate-related litigation will continue — and even increase — despite a judge’s dismissal this week of a class action by Torres Strait Islanders alleging the government was negligent in failing to protect them from the harmful effects of climate change.
No need for new GCO in consolidated Insurance Australia class action: court
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A judge has found that there is no need to revise the 27.5 per cent group costs order secured by Slater and Gordon following the consolidation of two class actions against Insurance Australia, despite the likelihood of a larger payout to the firm.
You can’t have someone else’s day in court: Judge proposes solution to ‘litigious morass’
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The legal watchdog’s latest case against the owners of a Melbourne law firm — part of countless “collateral” proceedings between the parties — should be fixed for a final hearing ASAP, a judge has said.
Uncertainty for $500M waste-to-energy plant as ACCC frowns on Acciona bid
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Receivers for the troubled $500 million East Rockingham waste-to-energy project may have to explore other options after the ACCC expressed competition concerns about Acciona’s bid to acquire the project in Western Australia.
Glencore loses case against Port of Newcastle over shipping fees
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Glencore Coal has lost its case against the Port of Newcastle alleging it has been overcharged shipping fees based on a determination by the competition watchdog.