A judge has handed Shinetec a win in its dispute with the developer of a scuttled $185 million project in Sydney, finding that $48 million owed by the builder to its parent company after the developer called on a letter of credit fell within the definition of ‘secured money’.
A construction project superintendent who revised down costs previously paid to the builder contracted on the Shenton Quarter development in Perth acted outside the terms of the contract, a court has found.
Waste management firm Veolia has agreed to pay $1 million after admitting that it failed to use required odour source controls for its landfill site in Hampton Park, Victoria.
A builder has lost an appeal arguing that a RW Capital unit was bound by an alleged contract to develop land in northern Sydney, said to be worth $25.75 million, after the trial judge found the claim was “doomed to fail”.
IP boutique Davies Collison Cave has brought proceedings against its Melbourne landlord at the Orica House, seeking a declaration that it has not abandoned its lease.
Builder Shinetec has argued $48 million paid to the developer of a $185 million project in Sydney by Bank of China under a standby letter of credit was money it lent to the collapsed developer, with a judge seeming to agree the sum would otherwise be a windfall.
Pinsent Masons has lured a PwC partner to bolster its energy offering in Melbourne.
Global law firm Clifford Chance has launched a construction practice in Australia after nabbing a special council from Pinsent Masons to lead the group.
In a new suit against the developer of an abandoned $185 million project in Sydney, Shinetec has asked the court to declare its priority interest in a $48 million payment recently paid to the developer by Bank of China.
Shinetec, the Australian arm of China’s Shanxi Construction Investment Group, has won orders restraining the developer of an abandoned $185 million project in NSW from accessing $48 million paid to it by Bank of China.