Litigation

Lendlease has abandoned its bid to purchase a parcel of land owned by one of Australia’s oldest families for well below market value as part of its project to develop 6,700 homes in Campbelltown, Sydney.

A court has granted a rare stay over a judgment debt to the developer of a Taringa Coles shopping centre, finding if final judgment comes down in its favour, financially troubled builder Kenik may not be able to repay the funds. 

Major developer Stockland has filed proceedings against Probuild Constructions over alleged faulty works completed on a stormwater system in a Rockingham shopping centre.

A developer is on the hook for $2.6 million after a court found he misappropriated a tax refund associated with a scheme to develop property in Spring Farm, NSW and put it towards a luxury Sydney home in his wife’s name. 

Gold Coast developer FW Estate has defeated a lawsuit alleging a development in Jimboomba was the product of a joint venture.

A guarantor of developer Westgem Investments can amend her claim against Westpac and the Commonwealth Bank related to the financing for a commercial development in Perth’s Raine Square.

The developers of a Brunswick Heads housing estate have the OK to raise a new defence to injunctions sought by an environmental group.

A Sydney premium property developer has been slapped with a freezing order that prohibits it from disposing of assets over $10.6 million as it faces a defects suit from the owners corporation of a Milsons Point tower.

A Sydney law firm and its principal have been ordered to pay over $1.2 million to a former client after the solicitor was found to have failed to give proper advice about a hotel purchase.

Former directors of Steller Developments have told a court they did not intend to guarantee the company's debt in the event of bankruptcy, as trial kicked off in proceedings by the collapsed Melbourne developer's liquidators.