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Construction PRO
Trial in Dexus, APAC clash puts the lawyers in the hot seat
The court battle between APAC and major shareholder Dexus over the sale of an investor's stake in the airport operator went to a hearing this week, but it's the solicitors representing the warring parties that found themselves on trial.
Error costs Hino class action firm further cut to $87M settlement share
A self-disclosed error in modelling by the law firm that ran a class action against Hino Motors has cost the firm an even deeper cut to its payout than the $6 million lopped off its settlement share last year.
Construction PRO
Charter Hall locks down $1.2B property mandate from institutional client
Real estate investor Charter Hall Group has received a $1.2 billion diversified direct property mandate from an institutional client, increasing its assets under management.
BHP fails in same job, same pay appeal bid to High Court
The High Court has refused special leave to BHP in a case testing orders that it pay labour hire workers at its Queensland coal mines the same as its permanent employees.
High Court won’t hear Saudi Arabia embassy appeal in dismissal cases
The Royal Embassy of Saudi Arabia has failed in its bid for special leave to the High Court, after an appeals court found it couldn't escape unfair dismissal proceedings.
Construction PRO
Goodman partners with DataBank to launch new LA data centre
Digital infrastructure company Goodman Group is partnering with US data centre operator DataBank to build a 32MW hub in Los Angeles.
Epic Games case against Google dismissed after global settlement
A hearing set for this week on relief sought by Fortnite maker Epic Games in its competition case against Google will not go ahead as planned, after the companies reached a global settlement. But the terms of the deal remain to be approved by the ACCC.
Class action targets SA over youth detention centre abuse
A new class action against the South Australian government alleges the state failed to protect minors from abuse while they were detained in state youth detention centres at any time over a 45-year period.
ASIC wants KPMG receivers to investigate Sequoia’s sale of Interprac
Concerned Sequoia Wealth wants to limit liability for claims linked to the $1 billion collapse of the Shield and First Guardian funds, ASIC has asked a court to appoint receivers from KPMG to probe the sale of Interprac Financial Planning.
Construction PRO
Builder Impero Group goes into liquidation
Construction company Impero Pacific Group has been placed into liquidation with a reported $21 million in debts.