A Western Sydney developer must make good on an agreement to buy a rezoned greenfield site in regional NSW for $70 million and pay $2.2 million in interest, a judge has found.
The date has been set for a court battle over Dexus’ sale of shares in Asia Pacific Airport Corporation, a fight the operator of Melbourne and Launceston airports says needs 10 hearing days.
Cladding maker 3A Composites has lost its bid to set aside a cross-claim in a suit against the builder of the Tempo residential towers in Botany Bay over allegedly flammable aluminium composite panels.
Dairy company Fonterra is reportedly challenging a court’s refusal to give it certainty over lucrative licence agreements with Bega Cheese as it pursues a sale of its Australian business.
It lost its bid in the NSW Supreme Court to withhold a payment claim from the builder of a 30-storey project in Sydney pending an appeal, now developer VSD Investments has asked an appeals court to halt payment.
Facing a US antitrust suit by Glencore, global agribusiness Louis Dreyfus BV has won its bid to examine Sydney resident Mark Allen, a former Glencore trader and current CEO of agri-finance firm Thera Capital.
Developer VSD Investments has lost an argument for withholding an $8.5 million payment claim from the builder of a 30-storey project in Sydney’s inner west pending the construction company’s appeal.
The owner of the Seasons of Perth Hotel seeks want to quash a review determination of an adjudicator’s decision in its dispute with hotel construction company Reward Group over performance bonds for work on the hotel.
Builtcom has lost a challenge to an adjudicator’s $8.5 million determination of a final payment claim under a contract with VSD Investments for construction of a 30-storey development in Sydney’s inner west.
Hotel construction company Reward Group has secured a win in a dispute with the owners of the Seasons of Perth Hotel over progress payment claims, with a judge finding an adjudicator did not err in ordering the release of performance bonds, but more questions over the release of the bonds remain on foot.