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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 come up short in appeal of $650M lawsuit loss
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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 hit with class action over peeling paint on Corollas
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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 settles case over $74M sale of Paramatta development
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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.
Former NT Supreme Court judge to face harassment complaint by associate
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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.
Rival real estate portals REA, Domain resolve case
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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.
Court blocks Paddington boarding house demolition for lux residences
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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.
Contradictor allowed in Optus appeal over telco tower development
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A judge has allowed a Central Coast resident to weigh in on Optus’ challenge to a council’s refusal to bless its plans to build a telecommunications tower, saying the council’s “commercial relationship” with the telco justified a contradictor.
Rex Patrick’s case over Snowy 2.0 docs in the public interest: court
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Former senator and ‘transparency warrior’ Rex Patrick has won an order capping the government’s costs at $40,000 in his case seeking documents on the $12 billion Snowy 2.0 renewables project, with a judge finding the matter raised issues of public interest.
CMS makes inroads in Australia with infrastructure partner hire
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International law firm syndicate CMS has hired an energy and infrastructure partner for its newly established office in Sydney, as it seeks to strengthen its presence in the Asia Pacific region.