In a new suit against the developer of an abandoned $185 million project in Sydney, Shinetec has asked the court to declare its priority interest in a $48 million payment recently paid to the developer by Bank of China.
Australian building services provider Johns Lyng Group has agreed to be acquired by a subsidiary of private equity group Pacific Equity Partners in a $1.3 billion deal.
A court has described a plan to demolish a 32-room boarding house for the construction of four luxury residences in Paddington as an “unacceptable loss” of affordable housing in inner-city Sydney.
Private equity real estate firm AsheMorgan has snapped up two industrial properties, paying a reported $33.5 million for a logistics hub in Melbourne and $20.5 million for another in Brisbane.
Mercedes-Benz dealers have lost their appeal of a decision tossing their $650 million suit, with the Full Court backing the primary judge’s rejection of a “moralistic” approach to unconscionable conduct.
Toyota has been hit with a class action alleging that a defect in certain Corolla models caused paint to peel when exposed to sunlight or ultraviolet light.
Dyldam Developments has won approval to settle a case by the liquidator of a special purpose vehicle over the proceeds of a Paramatta development that sold for $74 million — bolstered by major shareholder Persephone’s “gritted teeth” backing.
The Northern Territory government has lost its bid to block a sexual harassment complaint against a former judge of the state’s Supreme Court by his female associate.
Real estate portals Domain and REA Group have settled a lawsuit that alleged Domain scraped photos and floorplans from REA’s exclusive listings for its property reports.
The NSW Land and Environment Court has blocked a developer’s controversial plan to demolish a 32-bedroom boarding house in Inner Sydney suburb of Paddington to develop four luxury residences.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
