An appeal against a ruling that the developer of a $55M Sunshine Coast residential complex could not set off a liquidated damages claim against builder Tomkins’ pre-completion payment claim has been thrown out.
A developer has won an extension of a freeze on $25 million held in escrow in its dispute with a builder over payment claims for a Main Beach high-rise, after it filed an appeal.
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 found a $3.7 million error by an adjudicator in a dispute over a $43 million payment claim for work on an apartment complex in Queensland’s Main Beach showed a failure to properly consider the evidence and submissions.
A failed competition class action by Queensland electricity customers accusing utility companies Stanwell and CS Energy of misusing their market power has been appealed to the Full Court.
A shareholder and creditor of failed energy company Armour Group will have to front $3.5 million in security in its case against law firm Baker McKenzie and others ahead of an upcoming trial.
A competition class action against Stanwell and CS Energy has been tossed, with a judge finding the power companies’ conduct was legitimate “profit maximisation behaviour”.