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Construction PRO
Romeciti says $9M in bank guarantees outside SOPA purview
Challenging an adjudication decision for Watpac in a dispute over a $450 million residential complex in Macquarie Park, developer Romeciti says the adjudicator had no jurisdiction to permit the builder to access $9.19 million in bank guarantees.
Rinehart’s Hancock Prospecting must pay royalties in iron ore mine battle
Australia's richest person Gina Rinehart could be on the hook for millions of dollars in royalty payments, in a long-running battle over lucrative iron ore mining tenements in Western Australia's Pilbara region.
Construction PRO
Court trashes DOCA for Descon-Adcon entities, clears way for investigations
A deed of company arrangement for three companies associated with developer Descon-Adcon has fallen apart after former boss Danny Isaac failed to make a $5 million contribution required under the rescue plan. 
Construction PRO
Heran Group’s appeal fails in payments spat over $128M beachfront development
Queensland developer York Property has lost its appeal of a ruling that held an adjudicator erred in finding $4.7 million in costs over alleged façade defects should be deducted from amounts owed in a payments spat with a builder Tomkins. 
‘Hope to see you after you settle’: Sydney light rail class action sent to mediation
A long-running class action over the construction of the Sydney light rail that was revived by the High Court is heading to mediation, with a judge noting the challenges that lie ahead in determining all the claims of group members if the parties don't settle.
In Brambles class action win, shareholders show imperfect loss analysis OK
Before the decision in the Brambles case this week -- the first shareholder class action to succeed at trial -- the path to proving loss from disclosure breaches was a thicket of, well, brambles. Now after six consecutive losses, Justice Bernard Murphy has paved the way for plaintiffs to prevail.
Construction PRO
IFM prepared to mop up Dexus shares, take 45% stake in APAC, court told
Institutional asset manager IFM Investor was ready to sweep up Dexus' shares in Melbourne Airport operator APAC under a forced sale process triggered by a default notice for alleged confidentiality breaches, a court heard Tuesday.
ACCC’s Mastercard case ‘irrational and contrary to commercial reality’, court told
Mastercard has hit back at the ACCC’s claims that it sought to prevent competition with EFTPOS through strategic agreements with large retailers, saying the deals were struck for “benign and pro-competitive” reasons. 
Funder suing WestConnex class action applicants ordered to cough up security
The funder that's backing a class action over land compulsorily acquired for Sydney's WestConnex road project has been ordered to pay security in satellite proceedings seeking to claw back $1.4 million in costs from the lead applicants.
Construction PRO
Funder looks to press on with WestConnex class action against TfNSW
The funder that's backing a class action over land compulsorily acquired for Sydney's WestConnex road project has filed an application to substitute the lead applicants, amid an ongoing fight about whether the case should be discontinued.