Construction

The funder behind a class action against Transport for NSW that has switched law firms five times has been hit with indemnity costs after it failed to brief a barrister in a dispute over its bid to rescind trust funds.

The funder behind a class action against Transport for NSW by residents displaced by the construction of Sydney’s WestConnex tunnel has been ordered to pay $134,000  to cover the class action’s costs after it brought a failed action to rescind trust funds.

US-based satellite broadband provider Viasat has lost its bid to appeal an arbitral ruling that rejected its damages claim against the subcontractor on a Department of Defence project. 

The High Court has ruled that NSW builders cannot point fingers at their subcontractors as concurrent wrongdoers for negligent construction defects under the Design and Building Practitioners Act.

Property investment giant Charter Hall Group has completed one of the largest green loan transactions in Australia’s real estate sector, securing $3.35 billion in green loan facilities for its office building fund.

An appeals court has found Transport for NSW was not empowered to compulsorily acquire land for the ‘public purpose’ of the Western Sydney Airport. 

The High Court has declined a request by Shinetec for it to weigh in a dispute over an abandoned $185 million development in Gosford, NSW.

Spanish infrastructure giant Acciona has lost its bid to transfer a dispute over a $511 million waste-to-energy facility in East Rockingham, with a judge finding no overlap with another matter in the Federal Court. 

Developer Time & Place has acquired historic Surry Hills building Marlborough House for $110 million with the help of billionaire James Packer’s property investment company NPACT.