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NextDC is facing a class action investigation following last Wednesday's $140 million revenue forecast downgrade that sent the AI data centre operator's share price plummeting.
Greens leader and senator David Shoebridge has criticised the "unholy mess" of different courts and tribunals' adopting different rules around generative AI use.
Mineral Resources managing director Chris Ellison has lost his bid to strike out an unfair dismissal claim by a former in-house lawyer for the company, who told the court Ellison said “just get rid of her” in a 2024 meeting.
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A judge tasked with calculating damages owed former HWL Ebsworth client Gregory Lindsay-Owen has adopted a referees' report over his protests, saying it was open to the referees to refuse a $4.4 million tax adjustment.
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Data centre platform AirTrunk has secured a $4.25 billion loan to develop its Western Sydney campus, with Mallesons and Gilbert + Tobin advising on the deal.
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Renewables developer Octopus Australia has reportedly agreed to put down $2 billion to acquire the Golden Plains wind farm near Geelong, one of the southern hemisphere’s largest wind projects.
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Singaporean real estate investor OUE REIT is increasing its stake in 180 George Street, a 55-storey Sydney office tower whose tenants include Salesforce, TikTok and Jones Lang LaSalle.
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Woodside Energy has shed its interest in the Sunrise LNG project, entering into an agreement with Timor GAP to exit the joint venture for $285 million (US$200 million).
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A subsidiary of civil construction company Ian Harrington Group wants to revise its defence to a $3.6 million case by Sibayne Stillwater’s Copper Mines of Tasmania, arguing it has no obligation to rehabilitate a quarry at the shuttered Mt Lyell mine.
The Federal Court is grappling with “substantial and evolving” pressures as the number of filings rose to 6,010 over the past year, including an “exponential rise” in the numbers of self-represented litigants.