Lendlease has lost a lawsuit seeking to enforce a $120 million purchase agreement for five properties in Campbelltown, with a judge finding its failure to meet the conditions of sale for one key property meant the deal was off.
Affordable housing developer Aspen Group has entered into a conditional contract with lithium giant Albemarle Corporation to buy a 18 hectare accommodation complex in Australind, Western Australia.
A failed class action against Queensland utilities Stanwell and CS Energy can’t delay payment of what might be in excess of $30 million in defence costs while it pursues an appeal, but has dodged a penalty for running a case the companies said was hopeless.
A judge has dismissed a class action alleging Homes Victoria decided to demolish public housing towers in Melbourne without consulting residents, saying the government agency’s power to redevelop land “is not conditioned on observing procedural fairness”.
Opposition leader Peter Dutton and Prime Minister Anthony Albanese have both pledged to return Darwin Port to Australian control if elected.
An appeals court has dismissed a competition case by Mayfield Development against NSW Ports over agreements to privatise two ports, finding that derivative Crown immunity applied to the port authority.
The owners of a luxury property in Sydney’s Northbridge owe the home’s high-end builder payment of oustanding invoices, after a judge rejected as “absurd” the couple’s construction of a special condition in their contract.
Insurer AIA, fresh off losing a bid to be severed from a class action over alleged combustible cladding installed in two high-rise towers in a Sydney suburb, has lobbed cross-claims at the towers’ architect and builder.
Australia’s largest brick manufacturer Brickworks has settled a competition case brought against rival BGC, a company founded by billionaire Len Buckeridge.
Mineral Resources and founder Chris Ellison have been hit with a shareholder class action over alleged disclosure failures related to transactions with a company Ellison owned.