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Lendlease has filed an appeal after it failed in its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, in a high-stakes challenge set to be heard later this year.
Realside sues property valuation firm over ‘excess’ rent on Adelaide mall
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Fund manager Realside and other leaseholders have launched proceedings against M3Property and a valuer, alleging tenants of Rundle Mall in Adelaide have been overcharged for rent since 2006 as a result of consistently flawed valuations.
Lendlease’s $500M One Darling Point development wins fast-track approval
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Lendlease’s $500 million residential project in Sydney’s eastern suburbs known as One Darling Point has secured development approval from the NSW government in just five months.
Allens-repped KKR scoops up farm infrastructure firm ProTen in $1.3B deal
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US private equity firm KKR will acquire agriculture infrastructure firm ProTen from superfund Aware Super, in a deal valued at around $1.3 billion.
Fortrend sues Shaw pair again, this time over payment demands
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Two Shaw & Partners advisers who won $580,000 in penalties and compensation against former employer Fortrend Securities face fresh litigation seeking to quash their demands for payment.
Fitness chain challenges ATO’s refusal of installment plan for $14.6M tax debt
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Derrimut Health and Fitness has challenged the Australian Taxation Office’s rejection of its bid to pay a $14.6 million tax debt in installments.
Vales Point coal plant owner manipulated electricity futures market, ASIC alleges
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ASIC has filed action against Delta Electricity, owner of the Vales Point coal-fired power station in NSW, alleging “deliberate and calculated” manipulation in the market for electricity futures contracts.
ASIC accuses CashnGo of unconscionable debt recovery practices
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The corporate regulator has taken a provider of small loans to court after it allegedly monitored and removed funds from consumers’ bank accounts without their knowledge.
GCO won’t cover law firm’s costs in Suncorp class action, court told
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Maurice Blackburn’s costs in running a ‘junk’ insurance class action which settled for $34 million will not be fully covered under a 25 per cent group costs order, a court has heard.
‘Cheaper isn’t better’: Firm takes on rival’s lower rate in Hyundai, Kia carriage fight
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A law firm fighting for carriage of class actions against Hyundai and Kia has argued competing proceedings with a lower funding rate should not have a leg up, saying the rival firm’s budget was a “fantasy”.