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The High Court has put the brakes on a $650 million case by Mercedes-Benz dealers over the car maker’s switch to a fixed-price sales model, despite acknowledging the “important issues” the appeal raised.
Builder Bloc suing over defects in Newcastle development
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Developer Bloc is locked in a dispute with a contractor on the Watervue residential development in Newcastle, who it has accused of carrying out defective piling works.
Development consent for Sydney Airport hotel ‘in force’: NCAT
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The NSW Civil and Administrative Tribunal has given the operator of the Ibis Sydney Airport hotel in Mascot another chance to seek a liquor licence, finding a deferred commencement condition did not mean a development consent was not ‘in force’.
WA cancels $1.6B redevelopment for Perth Convention and Exhibition Centre
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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 sells Tilt Renewables stake to OIC, Future Fund for $750M
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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.
Australian Renewable Energy Agency pumps $45M into Fortescue solar hub
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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.
ISPT offloads Parramatta CBD office tower for $82M
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Real estate investment fund manager ISPT has sold an 11-storey A-Grade office tower in Parramatta’s CBD for $82 million.
High Court appeals fail in strip search case against Qatar Airways
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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 turns to Takeovers Panel in latest move to salvage $672M Cosette deal
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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.
G8 Education loses appeal over ex-chair’s criminal defence costs
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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.