Christine Caulfield

Institutional asset manager IFM Investor was ready to sweep up Dexus' shares in Melbourne Airport operator APAC under a forced sale process triggered by a default notice for alleged confidentiality breaches, a court heard Tuesday.

Queensland developer York Property has lost its appeal of a ruling that held an adjudicator erred in finding $4.7 million in costs over alleged façade defects should be deducted from amounts owed in a payments spat with a builder Tomkins. 

Two groups have been shortlisted for the final tender in stage one of the Melbourne Airport rail project, part of Victoria's ambitious Big Build infrastructure plan.

The chair of airport operator APAC has admitted redacting advice from Herbert Smith Freehills Kramer to remove a suggested remedy for major shareholder Dexus' alleged breach of confidentiality, but denies she misled the board.

A top in-house lawyer at Dexus has told a court the real estate asset manager was using an altered form of a non-disclosure agreement with bidders of a portion of its APAC bloc of shares without the approval of the airport operator's co-owners.

ASIC is not letting up in its pursuit of financial advisors that spruiked the Shield Master Fund and First Guardian Master Fund, banning two more advisors on top of the seven bans it has already imposed.

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.

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.

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.

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.