Liquidators for iProsperity have been given the greenlight to enter into retainers with Norton Rose Fulbright to pursue claims against the defunct property group’s general manager and Crown Melbourne.
Under proposed reforms to NSW tenancy laws, businesses that publish misleading photographs of rental penalties will face penalties of up to $22,000 and face new requirements for securing renters’ personal data.
Jones Day has lured a real estate expert from Clayton Utz to join its Brisbane office as a partner.
Developer Geocon has lost its bid to strike out claims in a case over Canberra’s Infinity Towers that it breached statutory warranties, with a judge saying it was a difficult legal issue best left for trial.
Centuria Capital Group has divested an office block in Sydney’s southern suburbs for $116 million after holding it for nine years.
Liquidators of Snowdon Developments have brought proceedings against building suppliers to claw back more than $2 million in payments they say were made while the Victorian developer was insolvent.
An activist group which unsuccessfully challenged the government’s approval of a wind farm in North Queensland because of its effects on rare birds has lost its bid to dodge costs on public interest grounds, with a judge saying both sides sought to advance the public interest.
In a first, the federal government has filed proceedings against a foreign investor and its former associate for alleged non-compliance with orders to divest their interests in rare minerals miner Northern Minerals.
Companies in Sanjeev Gupta’s steel empire, including the collapsed owner of Whyalla Steelworks, has been hit with action for allegedly failing to lodge annual reports with ASIC.
Brookfield Asset Management has agreed to sell retirement home operator Aveo for $3.85 billion in what’s been touted as the largest-ever direct real estate transactions in Australia.