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Class actions against Hyundai and Kia say they need a third round of document discovery, two years into the cases, but a judge has said the applicants should first detail the alleged engine defects at issue.
Dexus must sell stake in $1.7B shopping centre to Macquarie after failed appeal
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An appeals court has rejected Dexus’ challenge to a finding that it must sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail, saying its arguments contradicted the “evident commercial purpose” of the contracts at issue.
LU Simon loses special case in Victoria’s combustible cladding action over Atlantis
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An appeals court has sided with the state of Victoria on a crucial issue in its case against LU Simon Builders over alleged combustible cladding on Melbourne’s Atlantis Towers.
Collapsed Sharvain Facades owes $54M to Multiplex, Scentre, other creditors
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Building façade company Sharvain, which went under last month, owes major builders $54 million, according to a judgment pushing out the date for a creditors meeting.
Airservices to face ‘substantially expanded’ case by Perth Airport over PFAS
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A judge has allowed Perth Airport to amend its case against sublessee Airservices over alleged groundwater contamination from the use of firefighting foam, finding that allowing the airport to describe PFAS chemicals as “potentially toxic” would not render the case ambiguous.
Cobalt Blue, Iwatani sign deal for Australia’s first cobalt refinery
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Cobalt Blue and Japanese conglomerate Iwatani have signed a deal to develop Australia’s first cobalt refinery to help meet a supply shortage of the critical mineral, used in lithium ion batteries, caused by the growing demand for electric cars.
Herbert Smith Freehills poaches real estate partner from Corrs
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Herberts Smith Freehills has bolstered its real estate group, snagging a Corrs Chambers Westgarth partner with expertise in complex real estate transactions.
Firm, funder set to take half of AIG settlement in Linchpin class action
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Details of a settlement with AIG in a class action by investors in failed Linchpin reveal the insurer has paid out all of a $10 million policy and will hand over another $2.15 million in interest and costs.
ACCC enforcement head Liza Carver leaves competition cop, to return to HSF
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ACCC commissioner Liza Carver is leaving the regulator just three years into a five-year tenure, at a time of a noticeable drop in enforcement by the competition cop under Gina Cass-Gottlieb.
Qube wins clearance from competition cop to buy MIRRAT with conditions
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Port logistics giant Qube has won the ACCC’s blessing to buy port operations provider MIRRAT under the condition that it agree to not discriminate against downstream competitors at the Port of Melbourne.