The owners of a luxury property in Sydney’s Northbridge owe the home’s high-end builder payment of oustanding invoices, after a judge rejected as “absurd” the couple’s construction of a special condition in their contract.
Insurer AIA, fresh off losing a bid to be severed from a class action over alleged combustible cladding installed in two high-rise towers in a Sydney suburb, has lobbed cross-claims at the towers’ architect and builder.
Power plant engineer Clarke Energy has lost a challenge to an arbitration win for NT energy provider Territory Generation for delays in construction work on two Alice Spring power facilities.
A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
AVID Residential has secured approval for a 300-lot development in Chisholm, NSW, following an appeal of a deemed refusal by the Maitland City Council.
Australia’s largest brick manufacturer Brickworks has settled a competition case brought against rival BGC, a company founded by billionaire Len Buckeridge.
APRA has increased ANZ’s capital add-on requirement by $250 million to account for operational risks, after a report highlighted “persistent and prevalent” problems at the bank.
A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
In a loss for the ACCC, the High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU merely by yielding to a threat of industrial action.
Mineral Resources and founder Chris Ellison have been hit with a shareholder class action over alleged disclosure failures related to transactions with a company Ellison owned.
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