An appeals court has ruled against developer Universal, which resisted a payment claim under the SOP Act, saying it couldn’t raise a defence pointing to the contract after failing to serve a payment schedule.
A judge has found that the former liquidator of developer North Shore did not rely on an appraisal of a residential block in settling a dispute over the alleged uncommercial sale of four units in a Lane Cove development, despite finding it was likely not a genuine document.
The purported purchaser of two off-the-plan penthouses in a Newstead high-rise has won his suit against the developer, who sold the apartments to someone else for more than double the contract price.
An appeals court has tossed a challenge by construction firm Builtcom to an adjudication that slashed a $30 million payment claim against developer VSD Investments by $21 million, saying mere legal error was not enough.
The High Court has rebuffed the CFMEU’s constitutional challenge to legislation used to facilitate its takeover by the federal government, rejecting an argument that the laws amounted to an unjust acquisition of the union’s property.
The deadline looms for a creditors’ meeting to decide the future of collapsed building company Sharvain Façades, but its administrator wants a court to stop the clock, concerned a vote for liquidation will thwart recovery of $3.2 million from Roberts Co.
The owners of the Blues Point Tower in the Sydney harbourside suburb of McMahons Point must cough up additional payments to builder Buildcorp after it undertook remediation work on the heritage-listed tower.
Collapsed Roberts Co Victoria will oppose a creditor’s bid for an extension in a case seeking to wind up the construction company, claiming it is “effectively on death row” and suffering reputational damage.
Amazon will invest $20 billion in Australia’s data centre infrastructure over the next five years to support the country’s AI transformation.
The NSW government has announced an additional $835 million investment in Western Sydney’s Aerotropolis, which the government expects will become a “thriving economic centre” with its proximity to the city’s new airport.