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Construction PRO
Lender wins suit over $39M financing for failed Hawthorn development
A judge has ruled that lender Monland can recover a $39 million debt against the director of a property developer whose Hawthorn project encountered “severe difficulties”.
Construction PRO
Government awards $5B in renewable energy projects in WA
The federal government has awarded contracts to 10 new renewable energy projects in Western Australia, which will deliver a combined 1.9 gigawatts of renewable energy and 484 megawatts of battery storage.
Construction PRO
Marketlend can seize $2M batteries from defunct Planet Ark Power
A court has given Planet Ark Power lender Marketlend the green light to seize eight CATL batteries worth $2 million from the defunct Queensland renewable energy company.
Construction PRO
Australia signs critical minerals agreement with Japan
Australia has signed a critical minerals agreement with Japan, under which it will invest up to $1.3 billion in critical minerals projects with its Asian ally to help reduce dependence on China.
Construction PRO
Piper Alderman hires real estate partner from Clayton Utz
Piper Alderman has hired a leading real estate partner from Clayton Utz who brings in-demand expertise on renewable energy and large-scale developments to the firm.
Gadens brings on 8 new partners in major growth push
Gadens has brought on eight new partners, building out its offering for in-demand practices like corporate, financial services and real estate and construction.
Shield-linked director says ASIC probe leaves him in limbo
A former director of marketing companies linked to the failed Shield and First Guardian funds says ASIC's 14-month investigation has left him facing a travel ban and freezing orders but no substantive allegations.
Apple ‘can’t be trusted to do the right thing’, Epic Games tells court
Epic Games has told a judge that Apple is treating Australian competition laws with “arrogant disrespect” and urged him to order injunctions after he found the tech giant engaged in anti-competitive conduct in the app marketplace.
TikTok denies unlawful axing of biz dev director after complaints
TikTok has hit back at a claim by a former distribution business development director that she was unfairly dismissed after she made workplace complaints, saying her role was made redundant following a restructure.
Construction PRO
Mallesons accused of aiding director’s duty breaches over Ray White loan
Collapsed developer FSM alleges Big Six firm Mallesons aided and abetted breaches of duty by its director, who allegedly entered into a refinancing agreement with Ray White Capital that included a 192 per cent interest rate.