$750M climate class action against Murray Darling Basin Authority heads to trial

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A long-running class action against the Murray Darling Basin Authority over alleged negligent water management, including the failure to consider the impacts of climate change, will head to trial next month, just weeks after the court issues judgment in another closely watched climate class action. 

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Acciona, AECOM added to Hunter Valley bus crash class action

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Builder Acciona and consultant AECOM have been named as defendants in a class action on behalf of families of victims of a bus accident in Hunter Valley, NSW, facing allegations they were responsible for the construction and certification of the interchange where it occurred. 

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‘Corporate puffery’: Enviro group attacks Woodside plan for $16.5B Scarborough project

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Environmental group Doctors for the Environment has slammed Woodside claim that its $16.5 billion Scarborough gas project will have a “de minimus” environmental impact and argues the company’s plan does not allow the regulator to assess its real impact. 

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PE fund Goldstone appeals ruling on unfair sacking of director

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A private equity fund is challenging a ruling that it acted in an “oppressive” and “unfairly prejudicial” way towards its managing director, who a judge found was invalidly sacked for standing in the way of a deal with her business partner’s son. 

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Abacus Storage receives $2.2B takeover bid after shunning earlier offer

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Abacus Storage Kings has a received a $2.2 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage, after rejecting a $1.9 billion offer in May.

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Hyde Park developer, RSL settle $95M payment dispute

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The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.

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Trial can continue against bankrupt execs of collapsed developer Dyldam

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A judge has given a liquidator approval to continue with claims at trial against former executives of failed Sydney developer Dyldam after they declared bankruptcy.

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$500M waste-to-energy plant wins extension, as Acciona’s wait continues

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Receivers of the $500 million East Rockingham waste-to-energy project will have until the end of September to hash out a plan to maximise creditor returns, as Acciona’s wait for approval of its bid to acquire the plant continues.

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Lendlease to oversee real estate portfolio of Malaysia’s biggest super fund

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Lendlease has been chosen to manage real estate investment for Malaysia’s biggest public sector superannuation fund, even as it reportedly faces a fight to retain control of investment dollarsfor Australia’s super giants.

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‘Miscellaneous’ licence doesn’t exempt Atlantic from WA land rates: court

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Atlantic will have to pay its dues to a local council in Western Australia, where it operates a $700 million mining project, with a court rejecting arguments that would allow mining companies to avoid paying rates on land that may produce “considerable profits”.

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