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BlueScope Steel is leading an international consortium that’s bidding to acquired the troubled steel making facility Whyalla Steelworks.
‘Enough is enough’: Lederer Group launches takeover bid for Elanor Funds
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Lederer Group, the family trust of billionaire Paul Lederer, has launched a $285 million takeover bid for commercial property fund Elanor Funds Management, telling investors “enough is enough” and that it was time for a change.
Court rejects bid to remove neon sign from heritage-listed Adelaide building
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The owner of a heritage listed Victorian-era building in Adelaide’s iconic Rundle Mall has lost its challenge to a decision rejecting its application to remove a 1930s-era neon sign, with a court finding removal would affect its heritage value.
Judge won’t force sale of $23M Footscray logistics site
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A judge has refused to force the sale of a Footscray property used for logistics services, estimated to be worth $23 million, saying an agreement by the co-owners to sell it by a deadline could no longer be performed.
India’s Oyo buys rental property manager MadeComfy
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Rental property manager MadeComfy has been acquired by Indian hospitality company Oyo in a deal worth $50 million.
Sydney suburban gym wins $10 in appeal over lease with new owner
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The operator of a gym previously inside a Bankstown RSL club has scored a partial win on appeal against its new landlord, but has only received nominal damages of $10.
Reject Shop defeats bid to retroactively redraw class action, in fight worth tens of millions
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An employment class action against The Reject Shop can redefine group members and amend its claims, but not with retroactive effect that may have exposed the retailer to a case worth tens of millions of dollars.
Judge sends University of Newcastle back to the drawing board with opt out notice
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A judge hearing a class action against the University of Newcastle over engineering degrees that did not provide professional accreditation has refused to sign off on a deficient opt out notice.
X loses Full Court challenge to eSafety Commissioner infringement notice
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An appeals court has thrown out X Corp’s legal challenge to a compliance notice issued by the eSafety Commissioner to corporate predecessor Twitter over child exploitation material monitoring on its platform.
Banksia receiver wants release from new case, gets interim injunction
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The receiver for failed Banksia Securities wants a release from claims stemming from his role, including a case by investors who lost their life savings only to be duped by the class action team that represented them.