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Construction PRO
A court has found that a minister's decision to sell a section of Crown land to a buyer intending to carve it into 15 lots was made in breach of planning laws.
Construction PRO
Property developer and former director of collapsed Keystone Asset Management Paul Chiodo wants his suit against Keystone’s liquidators managed alongside their case against the owner of City Built.
Construction PRO
A judge has remarked that the counsel fee rate guide is now 13 years out of date and no longer serves its purpose, in a ruling ordering $1.5 million in costs against Golden Eagle Property Group.
Construction PRO
A developer can have recourse to $740,000 in security following building delays, with a judge finding that its contract with Rawcorp for the construction of a Coolangatta apartment complex created an unfettered right to call on the security.
The High Court has dismissed Sunshine Loans' second attempt to have a judge recuse himself from a penalty hearing in ASIC’s case against the payday lender, despite his criticism of a witness due to give further evidence.
A court has ordered Macquarie Securities to pay an agreed $35 million penalty after finding that “serious deficiencies" in its reporting systems resulted in repeated failures to accurately report short sales.
Construction PRO
Sydney builder Next Constructions has accused a former employee and his wife of procuring $700,000 in secret profits by allegedly directing subcontractors to pay a company they controlled.
Construction PRO
A director of collapsed builder Shangri-La Construction who was found personally liable for $3.2 million in rectification costs for combustible cladding in a Melbourne apartment complex has failed to pass on his costs to his insurers.
The liquidators of an unregistered managed investment scheme run by convicted fraudster Chris Marco have fended off a summary dismissal application by investors, with a judge finding that it was not so obvious that they would be entitled to a good faith defence to warrant tossing the case.
Real estate data company BCI has slammed US analytics company CoreLogic’s "desperate" objection to a second data set in their data scraping fight, saying it's an attempt to cut off one mode of proving loss.