In the latest chapter of a feud between billionaires Fritz Kundrun and Hans Mende, the co-founders of global commodities firm AMCI, a court has found the sacking of the group’s Australian managing director was invalid.
An appeals court has thrown out challenges by three mining giants to a Fair Work Commission decision that requires them to bargain together with a group of employees and their union.
A shareholder class action over BHP’s disclosures about a Brazilian dam that collapsed 10 years ago has settled for $110 million on the eve of trial, one of a handful of class actions to settle for over $100 million.
A judge has rejected all but two claims by ASIC in a suit against car finance provider Money3 and criticised how the regulator ran its case, saying it had consumed an “inordinate and disproportionate amount of the judicial and administrative resources of the court”.
Saint Gobain-owned CSR has hit back at building insulation distributor Consolidated Energy’s claims it engaged in anti-competitive conduct by increasing its prices during COVID-19, saying the cost increases were due to events beyond its control.
Sydney developer Tiptell has won its bid to exit a combustible cladding class action against 3A Composites and Halifax to bring its own claim for $15 million.
Builder Growthbuilt has struck back in a $91.7 million lawsuit over the Oxford & Foley mixed use development in Darlinghurst, Sydney, claiming the project’s financier failed to act in good faith and pointing the finger at its subcontractors.
Seqwater has revealed the contractors shortlisted to run in a two-horse race to win the contract to design and build the Wyaralong water treatment plant in south east Queensland.
Sydney developer Fortis has snapped up a vacant site in Brisbane for $37.5 million for a planned residential development.
Victoria’s student housing pipeline has surpassed NSW, but most projects are still at the approval stage, according to a Property Council report which expressed concerns the state’s land taxes are slowing development.