Please login to bookmark Close
Dyldam Developments’ former boss Sam Fayad and his two sons have been ordered to pay over $50 million in a case by the liquidator of a special purpose vehicle claiming company funds were misused.
$25M Kensington lofts developer loses payment claim fight with builder
Please login to bookmark Close
A superintendent on a $25 million Melbourne project had no power to make an adjustment to a payment claim for purported cost overruns that left the builder owing more than the value of its claim, a judge has held.
DP Energy to develop wind farm in north-western Qld
Please login to bookmark Close
Irish renewable energy developer DP Energy has announced plans to develop a 1,400 WM wind farm in McKinlay Shire, Queensland, citing the project site’s “optimal wind speeds” and distance from dwellings.
Gold Coast land’s oceanfront views doom bid for $28M valuation cut
Please login to bookmark Close
The body corporates for beachfront blocks on the Gold Coast have failed in their bid to knock back two land valuations by a combined $28 million, with a Land Court member finding oceanfront land fetches a higher premium.
Office sector bounces back, led by Sydney CBD: Dexus report
Please login to bookmark Close
Real estate returns are rebounding across all sectors, with the office sector entering a recovery cycle, led by the Sydney CBD, according to a new report from Dexus.
Fletcher Building mulls divestment options for construction units
Please login to bookmark Close
Fletcher Building says it has begun exploring divestment options for its construction divisions following a restructure, after confirming inquiries from prospective buyers last month.
Solicitor removed from roll over profanity-laden emails to Mills Oakley
Please login to bookmark Close
A Sydney lawyer who sent profanity-laden emails to a Mills Oakley partner during a dispute with the Salvation Army and his mother-in-law over payment of a refundable deposit has been struck off the roll.
DePuy class action member’s appeal may involve novel issue for Full Court
Please login to bookmark Close
A challenge to a compensation determination by a group member in a class action against Johnson & Johnson unit DePuy may involve novel questions for the Full Court on the role of scheme administrators, a judge has said.
Director barred from representing pawnbroker Taylors in class action
Please login to bookmark Close
A judge has blocked the director of Taylors Business from representing the company in a consumer class action, finding he will not be of any assistance to the court.
Sanjeev Gupta companies ordered to lodge missing annual reports
Please login to bookmark Close
Companies in the steel empire of billionaire Sanjeev Gupta have been ordered to lodge outstanding annual financial reports after the corporate regulator brought court action.