The government of Western Australia will not move forward with a planned $1.6 billion redevelopment of the Perth Convention and Exhibition Centre but will instead divert most of its $1.6 billion investment to a hospital infrastructure fund.
AGL has agreed to sell the lion’s share of its equity stake in Tilt Renewables to the Queensland Investment Corporation and Australia’s sovereign wealth fund for $750 million.
The Australian Renewable Energy Agency will invest $45 million into Fortescue’s first-of-its-kind solar innovation hub in Western Australia’s Pilbara region.
Real estate investment fund manager ISPT has sold an 11-storey A-Grade office tower in Parramatta’s CBD for $82 million.
The High Court won’t weigh in on a case over strip searches of Qatar Airways passengers, following a mixed ruling that revived claims against the airline but found Qatar’s aviation authority could not be sued.
Mayne Pharma is not walking away from US drug maker Cosette’s proposed takeover without a fight, filing an application with the Takeovers Panel to force Cosette to agree to the conditions needed to win FIRB approval for the $672 million deal.
Childcare provider G8 Education on Friday lost a challenge to a ruling that it cover the legal costs of its former chair, who faced criminal charges that were dropped in March.
In its case accusing Australian Gas Networks of greenwashing with ads promising gas was “becoming renewable”, the consumer regulator is pushing the company to identify who it says had reasonable grounds for the statements.
Acciona is mulling a bid to summarily dismiss a “hopelessly flawed” patent suit by its construction partner on the troubled East Rockingham waste-to-energy plant project, saying it is doomed in light of a High Court decision holding a patentee’s rights are exhausted at the time of sale.
The judge overseeing a class action alleging Sony used restrictive trade practices to block competition with its Playstation store has told the applicant to get “a bigger team” on the slow-moving case.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
