Parkview Constructions is looking to settle a second case over alleged combustible cladding at Australia Towers in Sydney Olympic Park.
The judge in a class action against KPMG and ex-Arrium directors has made soft class closure orders, but chosen the longer period offered by the defendants, saying the risk of locking out unregistered members was no reason to pick an “unrealistically early” date to re-open the class.
Dyldam Developments’ former boss Sam Fayad and his two sons have been ordered to pay over $50 million in a case by the liquidator of a special purpose vehicle claiming company funds were misused.
A liquidator has opened his case over the alleged misuse of funds by now defunct Dyldam Developments, as the court hears of “oddities” in financial records and the spaghetti-like structure of 157 interrelated entities.
Likening its position to the “Goldilocks zone”, EY has secured documents from rival Alvarez & Marsal as it weighs potential litigation over the mass departure of partners and staff from its international tax practice.
Collapsed Sydney developer Dyldam has denied wrongdoing in a lawsuit alleging members of the Fayad family used $74 million in sale proceeds for personal benefit and sought to conceal that fact from business partners.
The owners corporation of a 98-unit Parklea development by defunct builder Dyldam Developments has failed in its attempt to claim insurance for building defects in a property completed 17 years ago, with a court finding that time was up.
Collapsed Sydney developer Dyldam has told a court that a liquidator’s claim for breach of directors’ duties is “hopeless” as the company was under a deed of company arrangement at the relevant time.
The owners corporation of an apartment complex in Sydney’s north shore can bring claims against a council over several million dollars in alleged defects, despite a four-year delay.
A judge has rejected a misleading conduct claim against a builder who professed his “passion” for building high-end homes to a client, but put the builder on the hook for over $1 million in damages for rectification works.