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.
Builder Q Group has defeated an application to enjoin it from instructing a law firm which allegedly failed to make a claim on time, with a judge finding a lawyer’s alleged omission did not mean he had a “personal interest” in the outcome of the case.
A Sydney developer has launched a bid to opt out as a group member of a combustible cladding class action against 3A Composites and Halifax to bring its own “copy” of the case.
Plumbing company Flowmotion has brought a court application seeking the OK to pursue a payment claim against the Victorian unit of builder Roberts Co, which entered administration five months ago.
Singapore-based developer Maplewood Investments has acquired a 1,398 square metre site in Perth’s CBD to develop a premier 835-bed student housing accommodation.
Three companies associated with the sole director of Quasar Constructions have avoided freezing orders sought by the liquidators of the defunct Sydney builder after providing undertakings to not dispose of assets.
The federal government is planning a pause on new construction rules as it aims to speed development of new housing, following feedback from its three-day economic reform roundtable.
Under investigation by US class action firms for a stock price crash that followed last week’s announcement of a profit drop, Australian building materials giant James Hardie may also face the glare of homegrown law firms.
Global pharmaceutical company Novartis has become the latest tenant at Lendlease’s Victoria Cross Tower in North Sydney. Novartis ANZ will set up shop across one floor of the building, occupying 1,700 square metres in the mid-rise of the building, Lendlease said Thursday. The skyscraper is more than 30 per cent leased, with 70 percent of…
A director at property developer Villawood can’t shield instructions given to his Mills Oakley solicitor after a judge found he sought to use his lawyer to mislead the court.