In a court fight between engineering firm Clough and its former joint venture partner Elecnor, a judge has questioned Elecnor’s “extremely inconvenient” bid to send Clough’s $54 million cross-claim to arbitration in Singapore.
The Beach Hotel in Byron Bay has reportedly changed hands for $140 million — the second highest price paid for an Australian pub.
Woodside’s North West Shelf gas project will be extended until 2070, after receiving approval from the environment minister.
MAC Copper, which operates the Cobar copper mine in NSW, has accepted a $1.6 billion takeover offer from South African-based gold mining company Harmony Gold.
Surfers Paradise’s Cavill Lane retail precinct has been sold for $31 million to investment management companies Boston Global and The Property Factory.
Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower’s reputation.
Australian Tax Office whistleblower Richard Boyle has pleaded guilty to four charges connected to disclosures he made against his employer, but will avoid jail.
A judge has upheld ASIC’s privilege claim over a solicitor’s notes from an interview with a tech start-up boss involved in the ASX program to replace its CHESS system.
Insurer Marsh has fired off a cross-claim against Swiss bank UBS in several cases brought over Greensill’s $1.7 billion collapse.
ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused financial hardship applications to be ignored, conduct a judge has described as “shocking” and “truly scandalous”.
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