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Hyde Park developer, RSL settle $95M payment dispute
The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.
Construction PRO
$500M waste-to-energy plant wins extension, as Acciona’s wait continues
Receivers of the $500 million East Rockingham waste-to-energy project will have until the end of September to hash out a plan to maximise creditor returns, as Acciona's wait for approval of its bid to acquire the plant continues.
Construction PRO
‘Miscellaneous’ licence doesn’t exempt Atlantic from WA land rates: court
Atlantic will have to pay its dues to a local council in Western Australia, where it operates a $700 million mining project, with a court rejecting arguments that would allow mining companies to avoid paying rates on land that may produce “considerable profits”.
Full Court asked to rule on reasonableness of financial advisors’ non-competes
Two former employees of financial services firm Monarch Advisory have appealed a ruling that awarded their former employer $270,000 in damages after they were found to have breached a non-compete agreement.
Payday lenders BSF, Cigno lose appeal in ASIC case
Payday lenders BSF Solutions and Cigno have lost an appeal in action by ASIC alleging they engaged in unlicensed credit activity and charged prohibited fees, in the case's second run up to the Full Federal Court.
Mayfair’s conduct ‘cannot be laid at the door of any lawyers’: judge
A judge has criticised Mayfair Group’s “directing mind” James Mawhinney in a do-over of ASIC’s case over notes tied to Mission Beach properties, saying “vociferous and continuous efforts” to blame others, including lawyers, for investor losses did not reflect well on him.
Domain resolves REA Group’s case over alleged data scraping
Real estate portal Domain has reached a settlement in a lawsuit by News Corp-owned REA Group that accused its rival of misleading conduct and infringing its copyright in property photos and floor plans.
Fight over Machiavelli restaurant matriarch’s will leads to ‘outrageous’ legal costs
Following the death of the 85-year old founder of famed Machiavelli Ristorante in Sydney, siblings Paola Toppi and Walter Toppi have racked up almost $1 million in legal costs fighting over the $2 million estate.
Construction PRO
Builder Shinetec claims priority interest in $48M paid to Gosford receivers
In a new suit against the developer of an abandoned $185 million project in Sydney, Shinetec has asked the court to declare its priority interest in a $48 million payment recently paid to the developer by Bank of China.
Construction PRO
Johns Lyng accepts $1.3B takeover bid from Pacific Equity Partners
Australian building services provider Johns Lyng Group has agreed to be acquired by a subsidiary of private equity group Pacific Equity Partners in a $1.3 billion deal.