An appeals court has held that directors cannot be found guilty of unlawfully making a deal to prevent employees from receiving their entitlements if they believe they could be paid out under the Fair Entitlements Guarantee scheme.
The former chairman of BBY has been charged with aiding and abetting dishonest conduct while head of the board at the defunct stockbroking firm.
Lendlease has announced its plan for a luxury apartment complex in Sydney, expected to reach an end value of $2.5 billion, after securing land overlooking Hyde Park.
Developer Synergy has won an injunction in a dispute over the construction of a student accommodation in Adelaide, with an appeals court finding the primary judge did not correctly weigh the prejudice to Synergy if it had to pay up to $2 million in guarantees.
Companies will continue to face climate-related litigation — including claims over greenwashing, breaches of directors duties and challenges to projects — despite the recent failure of a climate class action.
Macquarie Technology Group has secured the option to buy a Sydney city site with a $240 million price tag near its existing data centre holding in Macquarie Park.
Following a $750 million float earlier this month, luxury retirement resort operator GemLife Communities has completed the first stage of a planned $270 million acquisition of land lease company Aliria’s development portfolio.
Master Builders Australia has welcomed a reported increase in residential building activity but said the pace needs to quicken to reach the government’s goal of 1.2 million new homes by 2029.
Flu vaccine maker Seqirus has successfully opposed Moderna’s proposed patent for a mRNA vaccine, but an IP Australia delegate said the problems with the patent can be overcome by amendments.
The Fair Work Ombudsman has launched action against a labour hire company for allegedly failing to pay compensation to a pregnant worker sacked from the Royal Hotel Granville.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
