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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. 
Wealth manager Bentleys takes former director to court
Bentleys Wealth is suing a former director and his companies alleging he poached clients after leaving the firm, in breach of his employment agreement and various duties. 
Appeals court to hear extension bid by lawyer criticised by judge during adjournment
The Victorian Court of Appeal will rule on whether to grant a lawyer an extension to appeal a tribunal decision ordering that he be removed from the roll and barred from practicing for nine years, after he argued a judge's adverse comments about him during an adjournment rendered a tribunal decision void. 
Construction PRO
Corrs advises on $424M ‘streaming’ deal to fund Jervois copper project
A unit of Wheaton Previous Metals has entered into an innovative $424 million (US$300 million) agreement that will help fund the construction of KGL Resources' Jervois copper project in the Northern Territory. 
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.
Reject Shop class action pleading error can be fixed, not backdated: Full Court
The Full Court has found that a pleading error in an underpayments class action against The Reject Shop which left it empty of group members can be fixed but that the amended pleading cannot be backdated.
Construction PRO
Victorian council hit with $15.2M judgment in cricketer’s negligence suit
A 27-year old cricketer who will be permanently bound to a wheelchair has won a $15.2 million judgment against a local council over its failure to install pedestrian gates at a convenient location near the cricket grounds, with a judge finding this led to players routinely jumping a fence to exit. 
Mastercard struck deals with retailers to avoid EFTPOS ‘competitive threat’, ACCC says
Mastercard made ‘strategic’ agreements with large retailers like Coles and David Jones to keep them from routing through EFTPOS, offering discounted exchange rates that left smaller businesses footing the bill, the ACCC told the court on the first day of trial.
Construction PRO
APAC chair denies being ‘disingenuous’ in removing HSFK’s Dexus remedy advice
The chair of airport operator APAC has admitted redacting advice from Herbert Smith Freehills Kramer to remove a suggested remedy for major shareholder Dexus' alleged breach of confidentiality, but denies she misled the board.