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Property investor Charter Hall has dropped $152 million for a 50 per cent stake in Western Sydney University’s Parramatta campus.
Defence department to divest $2B from estate after audit
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The government has announced that it will divest 67 defence properties following an audit which found that much of the estate was underutilized and in a state of disrepair.
Legal privilege stands despite transcript’s production in earlier suit
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A judge has upheld a legal privilege claim over a transcript of an interview between a solicitor and a priest in an abuse case, despite the transcript’s production in another case by an insurer without an assertion of privilege.
Heitman, Erben nab Perth site for student housing development
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Real estate investment firm Heitman and developer Erben have acquired a lot from the Western Australian government to develop a 19-storey student accommodation to meet growing demand in Perth.
E-gift card company Prezzee wins injunction against NZ competitor
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Australian e-gift card company Prezzee has succeeded in blocking New Zealand-based Epay from selling its Giftzzy voucher cards featuring the words ‘powered by Prezzy’ in Australian stores, for now.
Barrister who repped sons without a certificate loses appeal
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A barrister who represented her sons in court after being refused a practicing certificate by the Victorian Bar has lost an appeal, with a tribunal disqualifying her from seeking a practicing certificate for four years.
Origin class action ‘unviable’ if law firm stuck with 30% GCO, court told
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The law firm running a class action against Origin Energy has argued the case is “financially unviable” if it is stuck with a 30 per cent contingency fee ordered by the court, in the first-ever application to vary a group costs order.
Sarah Court to be first female chair of ASIC
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Sarah Court has been appointed as the first female chair of the Australian Securities and Investments Commission in the regulator’s 35-year history.
SMBC wins case against Humm over Forum Finance fraud
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Japanese bank SMBC, which was duped by fraudster Bill Papas to enter into agreements with a Humm subsidiary for assets and receivables that didn’t exist, has won the right to call in warranties on its $113.7 million investment.
Epic Games hearing to go ahead despite Google settlement
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A hearing on the relief Fortnite maker Epic Games is entitled to in its successful competition case against Google and Apple could be affected by a hearing on a worldwide settlement reached by Google, a judge has said.