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Real estate asset manager Dexus will cover the legal costs of shareholders whose stake in Australia Pacific Airports Corporation hangs in the balance, as it reveals a $55 million book value increase.
Developer loses challenge to Victorian waste-to-energy plant
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A real estate developer based in the Victorian town slated as the location for a waste-to-energy plant has lost its challenge to the proposed project.
Acciona sues insurer Dual for $3M in defects remediation claims
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An Acciona unit has sued Dual Australia, claiming the insurer is on the hook for $3 million in remediation for alleged design defects by a subcontractor on a Fulton Hogan quarry in Victoria.
Rio Tinto, Hancock Prospecting commit $2.5B to Pilbara JV
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Rio Tinto and Gina Rinehart-owned Hancock Prospecting will invest $2.47 billion to develop a Western Australian iron ore project as part of the Hope Downs joint venture.
Sales process launched for troubled Whyalla Steelworks
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The South Australian government has opened the sales process for the struggling Whyalla Steelworks, saying potential buyers had already shown strong interest.
Owner of Perth’s Eastpoint Plaza hit with copyright suit
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Design firm HUB Interiors has sued the owner of Perth’s Eastpoint Plaza, alleging that its copyrighted office designs were passed on to other builders without its permission.
‘Pull off band-aid’ on messages in Dovetail harassment suit: judge
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The judge hearing a harassment suit by an in-house counsel at Dovetail has urged the software firm to “pull off the band-aid” and share text message evidence between the lawyer and company CEO Benjamin Humphrey.
Good Guys to pay $13.5M in ACCC suit over misleading promotions
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Retailer The Good Guys has agreed to pay $13.5 million in ACCC proceedings alleging it made misleading statements about store credit.
Barristers’ group can use funds to cover mental health care, court says
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A NSW Supreme Court judge has found the Barristers Benevolent Association of NSW can use its funds to support mental health care for legal practitioners.
ACCC says AI, cloud computing pose risks to competition
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The ACCC has concluded its five year inquiry into digital platforms, identifying risks to competition posed by AI and cloud computing and again calling for significant regulation to counter “harmful” practices by the likes of Google and Facebook.