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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.
Owners of Seasons of Perth hotel lose round in fight with builder over security
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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.
Developer wins docs from council in spat over Paddington boarding house reno
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Sydney City Council has been ordered by a court to produce documents in a legal battle with a property developer seeking to convert a Paddington boarding house into luxury residences.
Allens, HSF advise on ACEN’s renewable energy portfolio financing
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Big Six firms Allens and Herbert Smith Freehills are the law firm heavyweights behind $750 million in platform financing for ACEN Australia’s renewable energy portfolio.
WestConnex class action applicants defeat funder’s latest appeal
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The funder behind a class action against Transport for NSW over the $16 billion WestConnex project has lost another appeal in its ongoing spat with the lead applicants.
Developer fined $150,000 in first prosecution over project trust accounts
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In the first prosecution of its kind, a Queensland property developer has been fined $150,000 for offences relating to a project trust account under the state’s security of payment laws.
TeleChoice close to ‘minimal’ settlement in franchisee class action
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A franchisee class action against TeleChoice, which sought to share in commissions won in separate litigation against Optus, is in settlement talks, but the mobile retailer says the plaintiffs can’t expect much.
ASIC sues Hollard Insurance over 3-year delay in resolving claim
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The corporate regulator has taken Holland Insurance to court, alleging it breached its duty of utmost good faith by taking over three years to resolve an insurance claim.
Judge allows tweak to ratings suit against S&P ahead of trial
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The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.
Lawyer sacked for allegedly chucking a sickie not unfairly dismissed: FWC
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A lawyer who was fired for allegedly chucking a sickie to watch the AFL Gather Round games in Adelaide was not unfairly dismissed, the Fair Work Commission has found.