A class action on behalf of 3,500 business owners along Sydneyâs light rail route has told a court that group members bore the brunt of the projectâs delayed construction, described as âa train wreck which could be predicted from a mile awayâ.
Lendlease and other major builders have secured a significant victory in a long-running case brought by the liquidators of failed engineering company Hastie Group, with a judge saying Hastie wasn’t entitled to the proceeds of bank guarantees withdrawn by the builders when it collapsed 10 years ago.
Queensland crane company NQCranes has agreed to pay a $1 million penalty in the Australian Competition and Consumer Commissionâs case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.
A judge has rejected a bid to add an insolvent trading claim to a $78 million class action over the collapse of Walton Construction, citing âextraordinaryâ delays in the three-year-old case.
In a boost to shareholder class actions, the High Court has dismissed an application by engineering services firm Worley to appeal a finding that companies should disclose to the market forecasts that ought reasonably to have been held.
Thomson Geer has snagged a construction disputes specialist from Clayton Utz to bolster its growing construction team in Sydney.
Property developer Deicorp has secured a win in a lawsuit brought by a Hong Kong real estate billionaire after Deicorp reneged on a $45 million property deal, with a judge finding the purchaser failed to properly nominate its special purpose vehicle under the contract for sale.
A $13 million commission sought by the funder that bankrolled the Opal Tower class action is stalling settlement approval, as debate continues over whether the funder can recoup the costs of after-the-event insurance from group members.
A judge has raised concerns about the utility of referring a satellite dispute over whistleblower protections to the Full Court in a $13 million lawsuit brought by an ex-Greenwoods & Herbert Smith Freehills partner.
Russiaâs recent challenge to the Commonwealthâs allegedly unreasonable decision to terminate its lease to build a new embassy in Canberra could be heard in early 2023, amid concerns key witnesses could soon be kicked out of the country altogether.