Please login to bookmark Close
The Finance Sector Union has taken Commonwealth Bank to the Fair Work Commission over the alleged “sham redundancy” of over 100 positions it says are being offshored to India in breach of an enterprise agreement.
Class action alleges developer backed out of sales after market spiked
Please login to bookmark Close
Developer Dennis Family Corporation has been hit with class action by purchasers of apartment units in Brisbane who allege their contracts were wrongly terminated after the market value of neighbouring properties soared by 40 per cent.
Acciona’s takeover of waste-to-energy plant sparks ACCC concerns
Please login to bookmark Close
The ACCC is concerned Acciona’s proposed acquisition of the East Rockingham waste-to-energy project would remove competition between the only two such facilities in Western Australia.
ASIC wins travel ban, citing possible $640M in Keystone, Falcon investor losses
Please login to bookmark Close
ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”.
Atlantic Nickel can’t dodge new version of mining company’s $1B case
Please login to bookmark Close
Atlantic Nickel has lost a challenge to further amendments to a case by failed suitor Mining Services International that alleges it lost the opportunity to purchase a Brazilian mine now valued at over $1 billion.
Whitehaven wins fight with enviro groups over climate risk docs
Please login to bookmark Close
Whitehaven Coal, which is locked in a fight with two conservation groups over the Winchester South coal mine in Queensland, has fought off an application for disclosure of internal climate risk documents created by a related entity.
Alceon picks up Gold Coast shopping centre for $142M
Please login to bookmark Close
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
Please login to bookmark Close
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
Please login to bookmark Close
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
Please login to bookmark Close
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.