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A developer has won an injunction to stop a builder from enforcing an adjudication decision in a dispute over a $3 million payment claim, with a judge finding it would be an abuse of process to make the developer pay.
Renewables company Edify acquired by Canadian pension fund
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Renewables and energy storage company Edify Energy has been acquired by Canadian pension fund La Caisse in a $1.1 billion deal, which includes investments in two planned solar and BESS hybrid projects.
Commercial development ‘greatest potential risk’ in $200B private credit sector: ASIC
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An ASIC report into private credit has found that commercial property construction and development presents the “greatest potential risk” of impairment or credit loss, as well as being more likely to involve conflicts of interest and opaque fee arrangements.
Battery Energy scoops up infrastructure manager accesstel
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Industrial battery manufacturer Battery Energy Power Solutions has boosted its security capability by acquiring Melbourne-based critical infrastructure asset manager accesstel.
ASIC in hotseat over inaction against ANZ execs after $240M settlement
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ASIC’s chair was grilled by members of parliament on Thursday over whether the regulator would take action against individuals within ANZ, after the bank agreed to pay $240 million in penalties for “widespread misconduct”.
Employment Hero denies misusing Seek’s data to launch rival job list
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Human resources company Employment Hero, which has accused Seek of abusing its dominance by cutting access to its platform, has rejected claims in the hiring giant’s defence of misuse of candidate data.
Brittany Higgins appeals $315,000 judgment in Reynolds defamation case
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Former Liberal staffer Brittany Higgins is appealing a finding that she defamed Linda Reynolds in social media posts that implied the former Defence minister mishandled her rape allegations against ex-colleague Bruce Lehrmann.
Developer sues Maddocks over Toorak penthouse deal with millionaire
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Developer Techin MBS has filed a lawsuit against Maddocks, claiming the law firm is liable for negligence if a contract of sale for a penthouse in Toorak with multi-millionaire Scott Shearman is not found to be binding.
Acciona wants to move Veolia’s suit over Kwinana waste-to-energy plant
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As it battles for ACCC approval to buy the East Rockingham waste-to-energy plant in Western Australia, infrastructure giant Acciona faces litigation by waste management firm Veolia over the state’s other major plant.
TPG can’t challenge SOPA win for Kenik over $14M Taringa Coles
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A court has rejected a property developer’s bid to challenge a payment claim decision that found in favour of collapsed builder Kenik, the contractor on a $14 million Coles and Liquorland in Taringa.