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Construction PRO
APAC chair denies being ‘disingenuous’ in removing HSFK’s Dexus remedy advice
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.
Construction PRO
Dexus GC admits omission of side letters with share bidders misled APAC
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 bans two more advisers for Shield, First Guardian advice
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.
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.
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.
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.
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.
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
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.
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.