Construction

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.

Ashurst has advised renewable energy company AMPYR Australia on a novel equity partnership and participation model with the Aboriginal community for a battery energy storage system in NSW's Central Western Slops region.

Developer Kaloriziko has appealed a ruling which rejected its claim that a property deal involving related parties extinguished a $2.12 million liability to a builder on the 'Sky Gardens' residential development in Ryde, NSW.

A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.

Global law firm Clifford Chance has launched a construction practice in Australia after nabbing a special council from Pinsent Masons to lead the group.

Developer CIP Group is fighting opposition to its bid to amend its claims in oppression proceedings brought against entities associated with a 600-lot environmentally friendly residential development in a Brisbane suburb.

Project management firm Donald Cant Watts Corke says Multiplex should go down with it if Monash University wins its case over the presence of alleged hazardous insulation at the college campus in Melbourne's CBD.

Master Builders Australia has welcomed a reported increase in residential building activity but said the pace needs to quicken to reach the government's goal of 1.2 million new homes by 2029.

Developer Synergy has won an injunction in a dispute over the construction of a student accommodation in Adelaide, with an appeals court finding the primary judge did not correctly weigh the prejudice to Synergy if it had to pay up to $2 million in guarantees. 

Macquarie Technology Group has secured the option to buy a Sydney city site with a $240 million price tag near its existing data centre holding in Macquarie Park.