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Steller Developments liquidator loses $102M suit against ex-directors
Collapsed Melbourne developer Steller has failed to convince a court that its founders and two former directors owe $101.9 million, with a judge rejecting claims that they personally guaranteed the company’s debt.
Construction PRO
AirServices can’t get separate hearing in airport lease fight over PFAS
A judge has rejected AirServices bid for a separate hearing on whether it was required to manage environmental issues outside of its leased site at the Launceston Airport in Tasmania.
Construction PRO
Pipeline acquired by Conexa in $74.7M deal is taxable ‘land’: appeals court
An appeals court has found water infrastructure investor Conexa liable to pay land duty on a $46 million Sydney pipeline it acquired as part of a blockbuster deal with Rosehill.
Construction PRO
Developers’ email agreement on $1.3M loan not binding: appeals court
An appeals court has tossed a challenge to a judge's decision that found a property developer was required to return a $1.3 million loan, despite finding the judge erred in holding enforceable an agreement reached over email.
Court rejects NAB super trustee’s bid for first-ever class action indemnity costs
A court has refused to order the applicant in a failed class action against NULIS Nominees to pay indemnity costs, but has confirmed that so-called Calderbank offers can operate in group proceedings.
Mulpha threatens strike-out bid over claims in Mulgoa Rise class action
Mulpha says a class action over the Mulgoa Rise development in Glenmore Park, NSW needs to clarify its negligence case to enable the developer to decide on the viability of potential cross-claims.
Quintis misled the market, but class action’s loss narrative lost the case
In tossing the sixth securities class action to go to trial in recent years, a Federal Court judge has shown the task of proving shareholder loss is a doozy.
Construction PRO
Meriton’s bid for security in $123M defects suit fails
A judge has declined Meriton’s bid for $2.4 million in security in a lawsuit over alleged systemic defects at the Alcove apartment development in Sydney’s North Shore.
Construction PRO
End to fights over Callide power station may be in sight, administrators say
The administrators for the operator of the Callide power station have won extra time to convene a second creditors meeting after the court heard they may soon be able to put to rest a series of complex disputes over the Queensland power station.
Construction PRO
Mulpha’s subcontractors on Mulgoa Rise development may be dragged into case
Luxury developer Mulpha says a class action's negligence allegations over the Mulgoa Rise development in Glenmore Park, NSW might warrant cross-claims against subcontractors.