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Construction PRO
Suit tossed over failed $20.7M deal for Adgemis’ Hotel Diplomat
A judge has tossed a suit seeking to recover a $1 million deposit on a $20.7 million agreement to purchase the former Jon Adgemis-owned Hotel Diplomat in Potts Point, after the deal fell through over concerns about mould and water ingress.
Judge rejects Goldstone exec’s privilege claim over Thomson Geer advice
A company owned by ex-Goldstone Private Equity managing director Alexandra Commins can't assert privilege over Thomson Geer advice that was provided jointly to her business partner James Angelis, ahead of a hearing on penalty after the court found the PE firm acted oppressively towards her.
Ex-Berndale Capital director pleads guilty to misusing company funds
Another former director of collapsed Melbourne over-the-counter derivatives broker Berndale Capital Securities has pleaded guilty to misusing company funds, after his fellow director was sentenced to prison time.
Construction PRO
Landbridge starts ICSID proceedings in fight over Darwin Port
The owner of Darwin Port, Landbridge Group, has brought arbitration proceedings against the Australian government following threats that it will force the Chinese firm to sell the port.
Construction PRO
Gadens adds 2 real estate, construction partners in latest hiring round
Gadens has brought on eight new partners, building out its offering for in-demand practices like corporate, financial services and real estate and construction.
Gadens brings on 8 new partners in major growth push
Gadens has brought on eight new partners, building out its offering for in-demand practices like corporate, financial services and real estate and construction.
HWL Ebsworth CEO to take reins in slimmed-down leadership structure
The board of HWL Ebsworth has thrown its support behind CEO Kris Hopkins to lead the firm, which will transition to a single chief executive model following the resignation of chief executive partner Russell Mailler.
Construction PRO
Gov’t throws $45M into plan for ‘one-stop-shop’ approval process
The federal government will spend $45 million over the next four years to develop bilateral agreements with states that will put an end to duplicative environmental approvals. 
Construction PRO
High Court asked to overturn domestic building insurance ruling
The High Court has been asked to overturn a ruling from the Victorian Court of Appeal that found domestic building insurance policies do not respond to when a defect arises, but rather to when loss or damage is suffered.
Construction PRO
Dexus flagship fund gets $600M capital injection
Dexus has secured more than $600 million in new capital investments for its flagship fund, including $500 million from a first-time superannuation investor in the fund.