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Construction PRO
‘Clearly untenable’: Court tosses CPB Contractor’s $63M disruption delay costs claim
A judge has struck out builder CPB Contractor's “clearly untenable” claim against Transport for NSW for $63 million in delay costs for work on the Pacific Highway upgrade.
Class action gets hands on Phoslock docs produced in AFP probe of China operations
Phoslock Environmental Technologies, which has produced hundreds of thousands of documents to federal police as part of an investigation of the company's China operations, must hand over the bundle to a class action.
‘Disgraceful’: Court hits Open4Sale directors with $2.8M penalties
Open4Sale Global's directors have been penalised $2.6 million for breaching disclosure laws in raising money from investors, who were labelled "a bunch of idiots" by the company's boss.
SocGen hit with $3.88M fine for market gatekeeper failures
French bank Societe Generale has been hit with a $3.88 million fine for allowing two clients to place suspicious orders on the electricity and wheat futures market, following an investigation by ASIC.
Construction PRO
OneSteel’s administrators win case over Whyalla port infrastructure
A GFG subsidiary has lost its cross-claim in a battle with OneSteel's administrators over infrastructure assets at South Australia's Whyalla port, which is used to export the state's iron ore.
Construction PRO
Government pledges $3.8B for Marinus Link project
In its largest ever investment, the federal government's Clean Energy Finance Corporation has pledged $2.8 billion for the Marinus Link project to build a second underwater cable between Victoria and Tasmania.
Construction PRO
Global Capital liquidators expand case over $50M development
The liquidators of real estate investment company Global Capital Property Fund have expanded their suit alleging breaches of fiduciary duties in relation to a $50 million Queensland development, adding special purpose vehicles for several developments in Victoria.
Construction PRO
Mobile crane cartel affected Sydney infrastructure projects: ACCC
The ACCC has taken Sydney's four largest mobile crane companies and four of their senior executives to court for allegedly engaging in cartel conduct by agreeing not to supply cranes to certain customers or construction sites.
Construction PRO
Parklea development owners try again on $13M insurance claim for defects
The owners corporation of a 98-unit Parklea development by defunct builder Dyldam Developments have appealed a ruling that found time was up on its insurance claim for building defects in a property completed 17 years ago.
ACCC accuses Aldi produce suppliers of engaging in cartel conduct
The ACCC has accused four produce suppliers and three senior executives of fixing prices on vegetables supplied to discount grocery chain Aldi over a six-year period.