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Construction PRO
CPB joint venture wins payment spat over Brisbane rail project
A joint venture launched to construct sections of Brisbane's new Cross River Rail station has successfully challenged an adjudicator’s order that it pay $2.7 million to a steel supplier.
Construction PRO
Court OKs Central Element’s lux Bondi Beach residential development
The NSW Land and Environment court has approved developer Central Element's plans for its $100 million 'Lamrock Avenue' luxury residential development in Bondi Beach, following a conciliation conference with the local council.
Paladin director disqualified in ASIC case over ‘entirely fanciful’ $1B valuation
ASIC has won banning orders against a Paladin and MacroLend director, with a judge finding investors were enticed by his “entirely fanciful” $1.02 billion valuation of Paladin unit Kradle Software.
Crown’s $73M shareholder class action settlement wins court OK
A court has approved Crown Resorts' $72.5 million settlement of a shareholder class action, as well as a $20 million cut for the plaintiff's law firm.
Target, Kmart accused of selling knock-off Van Cleef jewellery
The owner of luxury brand Van Cleef & Arpels has taken retailers Target and Kmart to court, alleging they infringed its trade marks and violated consumer law by selling jewellery that copy its hallmark clover and flower motifs worn by countless celebrities and royalty.
EVP drags share sale parties into case against Strongroom AI
Venture capital firm EVP has added 20 parties to a lawsuit seeking to recoup its $10.4 million investment in Strongroom AI, as a judge extended freezing orders against directors of the med-tech start-up.
Construction PRO
Builder Devakon hit with $120K judgment for defects in Malvern development
Builder Devakon has been ordered to pay $120,000 to remedy defects in an apartment development in the Melbourne suburb of Malvern East, dodging the owners’ bid for damages of almost $1 million.
Construction PRO
Cobolt fights Duke developer’s recourse to security in feud over project
The builder of the Duke apartment complex in the inner city Melbourne suburb of Collingwood wants a court to block the property developer from accessing a bank guarantee as their dispute over the project continues.
Construction PRO
Santos must hand over info in activist’s challenge to Reindeer gas field plan
Santos has failed to convince a judge that it should not provide documents relied on by NOPSEMA to approve the company’s environmental plan for its Reindeer gas field in judicial review proceedings.
Court finds Argentina validly served in suit to enforce $24.3B judgment
Two minority shareholders in Argentina’s state-controlled oil company have won a dispute over service in their case seeking to enforce a $24.3 billion judgment awarded in a US court.