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Lendlease has announced it will sell down the assets in an unlisted retail property fund the real estate giant has fought to maintain control over in order to meet redemption requests.
Mining Standards takes $1B fight with Atlantic Nickel to High Court
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Mining Services International is taking a $1 billion dispute over the terminated sale of a mine in Bahia to the High Court, after the receiver for Brazilian mining company Atlantic Nickel won a bid to stay the case.
Charter Hall locks down Bank of Queensland as latest tenant for Brisbane office tower
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Charter Hall and Investa have secured Bank of Queensland as a long-term tenant at their $800 million office tower at 360 Queen Street in Brisbane.
CapitaLand wins $3M judgment against missing exec
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Singapore’s CapitaLand has secured judgment in the Federal Court against a missing executive accused of embezzling the real estate asset manager’s funds.
Harvey Norman shouldn’t be punished for founder’s ‘unattractive’ remarks, court told
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Harvey Norman says it should be fined no more than $24 million for running misleading ads, urging a court not to punish it for “intemperate” remarks its founder made in the media about the legal system.
Piper Alderman’s default win quashed in fee row with Care A2 director
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Piper Alderman has been pulled back into a costs dispute after a judge found the director of dairy company Care A2 had an arguable defence and set aside a default judgment for the law firm.
Westpac pays back $50M to 47,000 underpaid staff
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Westpac has paid back $50 million plus interest and super to 47,000 current and former staff who were underpaid over an 11-year period.
Mayne, Cosette row to be decided on merits after panel resets merger clock
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The Takeovers Panel has agreed to hear Mayne Pharma’s latest dispute with Cosette over the US drug maker’s attempts to walk away from their $672 million merger agreement and extended the timeline for completing the deal.
ASIC appeals conflicted remuneration case against Freedom execs
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ASIC has lodged an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance’s former boss and another executive over a sales incentive scheme.
SunCable inks 70-year agreement with Traditional Owners for NT solar farm
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Mike Cannon-Brookes’ SunCable has signed a 70-year land use agreement with Traditional Owners to develop the country’s largest solar farm at Powell Creek Station in the Northern Territory.