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Construction PRO
EnergyAustralia has entered into a joint venture with EDF Power Solutions Australia to develop the Lake Lyell pumped hydro energy storage project in Lithgow, NSW.
A judge has expressed doubt about the need for expert evidence in class actions against McDonald's and KFC over their alleged failure to give workers rest breaks, saying “I imagine if you’re a worker, you’d like a rest”.
Construction PRO
The date has been set for a court battle over Dexus' sale of shares in Asia Pacific Airport Corporation, a fight the operator of Melbourne and Launceston airports says needs 10 hearing days.
A class action against KPMG and former Arrium directors wants to wait for the High Court's pending ruling on common fund orders before pulling the trigger on a group costs order, a request that earned a judge's grilling for what she described as a hunt for greener grass.
A judge has dismissed a class action applicant’s claim that he was underpaid as a University of Sydney postgraduate student, but left for another day the question of whether the court should also make orders binding group members.
Construction PRO
Ashurst and King & Wood Mallesons are working behind the scenes on the proposed union of long-time partners Brickworks and investment house Washington H. Soul Pattinson, a merger that shows capital markets are ready to back big deals, one lead lawyer says.
ASIC has expanded its case alleging HSBC failed to protect customers from scams, revealing a compliance manager at the bank had found that teams tasked with monitoring unauthorised transactions “had no understanding” of the liability provisions in the ePayments Code.
Construction PRO
Liquidators of collapsed Forge Group are close to settling their insider trading case against engineering and construction company Clough and former directors, a court has heard on what was to be the first day of trial.