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Baker McKenzie strengthens private equity team with new Sydney hire
Baker McKenzie has appointed a new special counsel to join the law firm's private equity practice group in its Sydney office.
Construction PRO
Dexus-bloc shareholders in APAC can’t have different lawyers, judge says
The trustee for shareholders that want to retain their Dexus-managed stake in Australia Pacific Airports Corporation can't be separately represented from the selling group, a judge has ruled in a case that pits APAC's investors against each other.
Construction PRO
GHD Australia faces cross-claims in Hunter Valley crash class action
Engineering firm GHD Australia is the latest company to be pulled into a class action over a bus crash in NSW's Hunter Valley that killed 10 passengers, a court has heard.
Cbus admits liability in ASIC death benefit case, faces penalty hearing
Super fund Cbus has made admissions in the corporate regulator's case over long delays in the processing of $20 million in death and disability claims, with the action to progress directly to penalty.
Construction PRO
Brisbane Olympics procurement ‘highly susceptible’ to cartel conduct: ACCC
Warning of the propensity for major events procurement to attract cartel conduct, the competition regulator is encouraging the Queensland government to share data on bids for Brisbane Olympics projects.
In High Court case, ASIC reminds justices litigants can’t ‘choose their judges’
A judge did not need to recuse himself from deciding the penalty in ASIC's case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.
Construction PRO
Lendlease fends off vote on control of $2.8B retail property fund
For a third time, real estate investment manager Lendlease has avoided a vote on the future of its oversight of a $10 billion property fund, with a proposed meeting Wednesday of the fund's retail investors reportedly adjourned for want of quorum.
Construction PRO
Ashurst advises Snowy Hydro on first BESS offtake deal
Ashurst-represented Snowy Hydro has reached a landmark 15-year virtual tolling agreement with Akaysha Energy for Victoria's Elaine Battery Energy Storage System, the first battery toll pact for the energy company.
ACCC, NSW join forces to clamp down on supplier bid-rigging
The competition regulator has reached a data-sharing agreement with NSW to combat bid rigging on state contracts worth a total of $42 billion annually, in a partnership that will deploy AI to find potential cartel culprits.
Telstra reaches settlement with ACCC in case over Belong speeds
Telstra has reached an agreement with the consumer regulator after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider, Belong.