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The administrators of struggling regional airline Rex have entered into a sale agreement with NASDAQ-listed aviation holding company Air T, with the federal government stepping in to facilitate the sale.
Mills Oakley snags new partners for litigation, insurance teams
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Mills Oakley has lured three new partners to join its commercial disputes and insurance teams from DLA Piper, HopgoodGanim and Holding Redlich.
LU Simon can’t stop Argyle Sq developer from calling on security
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Builder LU Simon has failed in an injunction bid as part of its case against the developer of a $52 million project in the inner city Melbourne suburb of Carlton.
VCAT decision against developer ‘lacks intelligible justification’: court
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A property developer has won its challenge to a VCAT decision that tanked its subdivision plans, with an appeals court accepting its argument that the decision was “seriously illogical”.
A&O Shearman launches Aussie real estate practice with SPB partner
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A&O Shearman has poached a Squire Patton Boggs partner to build a dedicated real estate practice in Australia.
Companies to face higher penalties under proposed environment laws
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The federal government plans to significantly increase penalties for companies that contravene environment laws as it moves forward with a suite of changes described by Greens Senator Sarah Hanson-Young as “not worth the paper they’re printed on”.
Lendlease offloads $900M Erina Fair shopping centre from embattled fund
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Lendlease has reportedly sold the $900 million Erina Fair shopping centre on NSW’s Central Coast, one of the assets that formed part of an unlisted fund the real estate giant has fought to maintain control over.
Regis Healthcare inks $45M deal for 2 aged care homes
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Regis Healthcare has acquired two new aged care homes in regional Victoria for $45 million to meet growing demand for its services.
Westpac agrees to $20M penalty in ASIC case against RAMS
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A judge has raised concerns about whether an agreed-to $20 million penalty against Westpac’s defunct home loan subsidiary RAMS is enough to deter other lenders from breaking credit rules.
Lawyer fined for non-compliance with drug test undertaking
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A criminal defence lawyer who pleaded guilty to drug possession after being caught with cocaine outside a Queensland courthouse has been slapped with a $10,000 fine and a public reprimand after breaching a drug testing undertaking.