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Two former directors of a Canberra property development group have lost their bid to bar ASIC from announcing their disqualification, with a tribunal finding this would keep financiers and creditors “in the dark” and make the market less transparent.
Thiess has defeated a lawsuit by a rock supplier seeking $9.3 million in damages for alleged delays by the mining services giant in receiving materials for work on Chevron’s Wheatstone natural gas hub.
Global law firm K&L Gates has lured the head of McInnes Wilson's construction and infrastructure group to join its growing team in Brisbane.
Developer Centurion Australia Investments has lost an appeal in a dispute with builder APM Group in which it argued that its RMIT Village student accommodation falls under laws applying to domestic buildings.
Property developer Green Capital and Lake Macquarie City council are facing a class action seeking compensation for homeowners in a Newcastle suburb over properties that are allegedly sinking into the ground and have been “injuriously affected in value”.
New Zealand construction giant Fletcher Building has hit back at a shareholder class action over allegedly misleading forecasts for the 2017 financial year, saying some of the claims under New Zealand law were brought out of time.
Acciona has prevailed in a fight with subcontractor EnerMech over a $10 million progress payment, which a judge found was instead an attempt by EnerMech to claim a credit in relation to security paid to Acciona.
Grocon has lost yet another argument over documents in its lawsuit against Infrastructure NSW over a stalled $2 billion Central Barangaroo development project, with a judge rejecting its bid to access material over which the government agency claimed privilege and public interest immunity.
The lead plaintiff in a class action over Sydney’s light rail construction, who is seeking a $3 million judgment, has brought a novel bid for the NSW government to pay a funder’s 40 per cent commission as damages, rather than as a deduction from the amount owed to group members.
A judge has ruled that a settlement offer made in a case can be adduced into evidence in a construction company’s suit against its former lawyers, finding that the offer was not covered by without penalty privilege.