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Coles faced forfeiting low fees to Woolworths under Mastercard’s ‘nuclear option’
Mastercard considered threatening Coles with losing its discounted interchange fees to rival Woolworths if the supermarket chain re-routed customer debit and credit transactions away from the payments giant, a trial judge has heard in the ACCC's misuse of market power case.
Construction PRO
Trial set in $55M defects cases over Port Botany logistics centre
Making good on his threat to case manage the litigation with an "iron fist", a judge has set a trial date for early next year in four cases over the Port Botany Enfield Intermodal Logistics Centre.
Construction PRO
Judge calls for rules committee to settle issue of liquidator joinder bids
Granting a joinder bid in an unfair preferences case over the failure of carpentry firm Empryl, a judge has urged the Federal Court's rules committee to resolve a question hanging over liquidators seeking to bring proceedings against multiple defendants.
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Clifford Chance, Kennedys elevate partners with real estate, infrastructure chops
As part of their global partnership promotions, Clifford Chance and Kennedys have elevated three Australian lawyers with expertise in real estate, infrastructure, and property insurance.
Mastercard used low rates as bargaining chip with Coles, trial hears
Mastercard's APAC head was "perfectly comfortable" with the threat of removal of discounted interchange rates to cut a deal with Coles to route transactions through its payment network, a court has heard.
Construction PRO
Builder Rawson wins court battle over option deed for residential project
A Rawson Group unit has successfully argued that it was entitled to rescind an option deed to buy land in the Southern Highlands of NSW after the soil was classified as a “problem” that posed real risks of increased building costs.
Construction PRO
ISPT loses challenge to $20M duty after revenue office aggregates deals
A court has dismissed a challenge by ISPT to a $20 million tax assessment by the NSW State Revenue's Office over two acquisitions that increased its stake in Fort Street Real Estate Capital Fund.
Construction PRO
AirTrunk to invest $4.2B on Malaysian data centres
Australian data centre platform AirTrunk has announced it will invest $4.2 billion to build two new data centres in Malaysia.
Funder facing $32M bill in failed class action avoids cash security in toll case
Despite its loss in a class action against Queensland power companies, which has put it on the hook for $32 million in costs, funder LCM has avoided calls for cash security in a representative proceeding over toll road charges.
Solvar’s Money3 must pay $1.55M in ASIC case
A judge has imposed a $1.55 million penalty on car finance lender Money3 in ASIC's action alleging breaches of responsible lending obligations, criticising the regulator again for its "sprawling" case.