The company behind an abandoned $185 million development in Gosford, NSW can’t lift a stay on a $37 million judgment it won against the Australian unit of China’s Shanxi Construction Group.
A class action by frustrated buyers over the $85 million sale of a Sydney development has failed to prevent the sale of lots, with a judge finding the class action’s claims lack evidence.
Bond & Credit Company has lost its bid to bring a new claim in defence to $6 billion proceedings over the collapse of Greensill that alleged the financial services company failed to disclose its “moral hazard” behaviour of being dishonest with insurers.
Lender White Oak Commercial Finance will bring a novel claim against insurer Bond & Credit Company alleging it owed a duty of care to disclose an investigation into Greensill when it bought securities from the collapsed financier’s German-based bank.
Insurer Vero is fighting a ruling that added it to a class action against cladding manufacturer Fairview Architectural over allegedly combustible cladding.Ā
A judge has ruled insurer Vero can be added to a class action over allegedly combustible cladding, finding removal of the cladding could be considered āproperty damageā under the wording of an insurance contract with cladding manufacturer Fairview.
A judge has criticised HWL Ebsworthās discovery efforts and ordered the law firm to try again in the firmās dispute with a former partner claiming the company cut him out of a proposed ASX float in 2020.Ā
Insurer Bond & Credit Company has overcome an administrator’s protests and won leave to bring cross-claims against three Greensill entities in lawsuits over the financing firmās $1.7 billion collapse.
An appeals court has upheld a finding that an unsuccessful class action over the Carwoola bushfire was not entitled to recovery from the insurers of the plumbing company that sparked the blaze.
Property owners are fighting arguments that claims in a class action over allegedly combustible cladding do not fall under a $190 million insurance policy’s definition of property damage, saying installing the cladding was like ādousing oneās house in keroseneā.