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Parklea development owners try again on $13M insurance claim for defects
Construction 2025-09-03 11:36 pm By Cat Fredenburgh

The owners corporation of a 98-unit Parklea development by defunct builder Dyldam Developments have appealed a ruling that found time was up on its insurance claim for building defects in a property completed 17 years ago.

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Special Gold’s prospects in case against Dyldam payment intermediaries ‘manifestly weak’: judge
Construction 2025-08-27 11:57 pm By Christine Caulfield

A judge has hit Dyldam Developments’ former boss Sam Fayad and his two sons with costs after ordering them to pay $50 million in a case by the liquidator of a special purpose vehicle, but awarded costs to payment intermediaries for the liquidator’s “manifestly weak” case against them. 

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EY mulls damages against Alvarez & Marsal for alleged client poaching
Accounting 2025-08-13 11:44 pm By Cindy Cameronne

EY may seek damages against rival consulting firm Alvarez & Marsal after it won preliminary discovery to pursue possible claims over a mass departure of partners and staff from its international tax practice. 

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Parkview wants chance to settle second Australia Towers cladding case
Construction 2025-08-12 11:09 pm By Christine Caulfield

Parkview Constructions is looking to settle a second case over alleged combustible cladding at Australia Towers in Sydney Olympic Park.

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Judge orders longer soft class closure in KPMG class action over Arrium collapse
Class Actions 2025-07-23 11:53 pm By Sam Matthews

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.

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Dyldam directors on hook for $50M in case over alleged misuse of funds
Restructuring & Insolvency 2025-07-22 10:49 am By Cindy Cameronne

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.

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Construction PRO
Court hears of accounts ‘oddities’ as trial against Dyldam directors begins
Restructuring & Insolvency 2025-07-07 11:23 pm By Andy Sidler

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.

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Maybe happy ending for EY after mass defection of tax team to Alvarez & Marsal
Tax 2025-07-03 11:23 pm By Christine Caulfield

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.

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Dyldam hits back at claims it misused $74M from sale of Parramatta property
Construction 2025-05-14 11:37 pm By Cindy Cameronne

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.

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Insurer defeats $13M claim by Parklea development owners corporation
Construction 2025-05-08 11:17 pm By Andy Sidler

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. 

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