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Construction PRO
Allens, HSF advise on ACEN’s renewable energy portfolio financing
Big Six firms Allens and Herbert Smith Freehills are the law firm heavyweights behind $750 million in platform financing for ACEN Australia's renewable energy portfolio.
Construction PRO
WestConnex class action applicants defeat funder’s latest appeal
The funder behind a class action against Transport for NSW over the $16 billion WestConnex project has lost another appeal in its ongoing spat with the lead applicants.
Construction PRO
Developer fined $150,000 in first prosecution over project trust accounts
In the first prosecution of its kind, a Queensland property developer has been fined $150,000 for offences relating to a project trust account under the state's security of payment laws.
TeleChoice close to ‘minimal’ settlement in franchisee class action
A franchisee class action against TeleChoice, which sought to share in commissions won in separate litigation against Optus, is in settlement talks, but the mobile retailer says the plaintiffs can’t expect much.
ASIC sues Hollard Insurance over 3-year delay in resolving claim
The corporate regulator has taken Holland Insurance to court, alleging it breached its duty of utmost good faith by taking over three years to resolve an insurance claim.
Judge allows tweak to ratings suit against S&P ahead of trial
The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.
Trial pushed off in sprawling litigation over Greensill collapse
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm's administrator.
Judge wants more than ‘bland’ claim of defects in Hyundai, Kia class actions
Class actions against Hyundai and Kia say they need a third round of document discovery, two years into the cases, but a judge has said the applicants should first detail the alleged engine defects at issue.
Construction PRO
Dexus must sell stake in $1.7B shopping centre to Macquarie after failed appeal
An appeals court has rejected Dexus' challenge to a finding that it must sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail, saying its arguments contradicted the “evident commercial purpose” of the contracts at issue.
Construction PRO
LU Simon loses special case in Victoria’s combustible cladding action over Atlantis
An appeals court has sided with the state of Victoria on a crucial issue in its case against LU Simon Builders over alleged combustible cladding on Melbourne's Atlantis Towers.