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Construction PRO
ASIC says $300M in Shield investments intended for property developments likely diverted
A lawyer for ASIC has told a judge that $300 million in Shield Master Fund investments intended for property developments appear to have been diverted for other purposes.
Optus failed to take reasonable steps to protect White Pages data: report
The Office of the Australian Information Commissioner has found telco Optus failed to protect the data of customers whose personal information was listed in the White Pages after they sought an unlisted number.
AirTrunk takes rival data centre campus operator to court
Data centre operator AirTrunk has brought court action seeking documents from competitor Zerra DC as its mulls the launch of a possible intellectual property case.
‘It’s the principle’: Judge says funding should have been disclosed in detention class action
A judge has said a funding agreement in a class action on behalf of former detainees of two South Australian immigration detention centres that has settled for $28 million should have been disclosed to the court. 
Firmus Grid directors to give evidence in $100M share dispute
The founders of AI data centre start-up Firmus Grid have been subpoenaed to give evidence in a dispute between former business partners Simon Raftery and Ben Madsen over $100 million in company shares, ahead of an expected $7 billion IPO.
EVP can bring case against bankrupt Strongroom AI founder
Venture capital firm EVP has won court approval to pursue claims against bankrupt Strongroom AI founder and former director Christopher Durre.
Construction PRO
Court won’t block DOCA for developer of $1.8B Halo skyscraper
A court has dismissed a bid to temporarily block a deed of company arrangement for Halo Tower developer FT Sydney, after hearing an injunction might jeopardise a sale to Cbus Property, set to settle in July.
Construction PRO
APAC board’s Dexus contingent suspended, forced sale to proceed
The forced divestiture of Dexus' stake in airport operator APAC will proceed, after a court on Friday discharged injunctions temporarily blocking the sale amid a dispute over the disclosure of confidential information.
Construction PRO
Brisbane Airport operator faces injunction bid over $13.4M bank guarantees
Airport baggage handling company Alstef Australia is trying to halt Brisbane Airport Corporation from calling on $13.4  million in bank guarantees, in a dispute over a contract for works to upgrade the baggage system at the airport's domestic terminal.
RSA Express misled customers about online training courses, court finds
A judge has found that online training provider RSA Express, which reaped $8 million from consumers who paid for courses they did not complete, made misleading representations that customers would only pay for courses after they passed.