The developers of the Aspen and Establishment luxury residential projects in Canberra have lobbed a cross-claim alleging builder Geocon owes them up to $12.9 million in delay damages.
A Canberra builder has failed to set aside a $918,000 decision in favour of the contractor that performed earthworks on the 10-storey Garema Place Hotel, with a judge finding the builder’s payment schedule was not validly served.
Labor politicians Ian Macdonald and Eddie Obeid, and his son Moses Obeid have lost their High Court challenges to their convictions for a conspiracy to rig a mining exploration tender.
Property investor Charter Hall has dropped $152 million for a 50 per cent stake in Western Sydney University’s Parramatta campus.
The government has announced that it will divest 67 defence properties following an audit which found that much of the estate was underutilized and in a state of disrepair.
Real estate investment firm Heitman and developer Erben have acquired a lot from the Western Australian government to develop a 19-storey student accommodation to meet growing demand in Perth.
Australian e-gift card company Prezzee has succeeded in blocking New Zealand-based Epay from selling its Giftzzy voucher cards featuring the words ‘powered by Prezzy’ in Australian stores, for now.
The law firm running a class action against Origin Energy has argued the case is “financially unviable” if it is stuck with a 30 per cent contingency fee ordered by the court, in the first-ever application to vary a group costs order.
Japanese bank SMBC, which was duped by fraudster Bill Papas to enter into agreements with a Humm subsidiary for assets and receivables that didn’t exist, has won the right to call in warranties on its $113.7 million investment.
A hearing on the relief Fortnite maker Epic Games is entitled to in its successful competition case against Google and Apple could be affected by a hearing on a worldwide settlement reached by Google, a judge has said.