Chinese construction and engineering firm BCEG has won a $12 million lawsuit against two former directors of an Australian subsidiary after they allegedly swindled millions from the company to fund their own developments and buy a luxury apartment.
A judge has slashed engineering services firm CIMIC Groupâs ten insurance claims in half, finding that the company failed to notify five insurers of a handwritten document dubbed the âIraq file noteâ in relation to its claims for coverage of costs arising from allegations it engaged in corrupt practices, including bribing Iraqi officials.
A judge has granted a bid by the operator of Sydneyâs billion-dollar Lane Cove tunnel to add a new claim in the five-year-old dispute alleging the concrete lining used in construction was defective.
Irish insurer Zurich Insurance has lost its appeal seeking to shut down a class action filed against it in the NSW Supreme Court over a defective New Zealand apartment block.
Gilbert + Tobin has lured K&L Gates’ global co-head of construction to join its energy and infrastructure practice in Melbourne.Â
Although the settlement sum has not been disclosed, court documents in the Opal Tower class action reveal the litigation funder backing the case will seek $13.2 million in commission when the parties appear before the court later this year.
His property development empire was saved from liquidation, but Daniel Grollo is still being hounded by creditors, with Bank of Queensland suing the Grocon CEO for the outstanding balance on a $12 million home loan.
Dentons has picked up a partner from Holding Redlich to bolster its construction practice ahead of the 2032 Olympic Games in Brisbane.
A judge has slammed a âgrossly inflatedâ estimate of legal costs relied on during a security for costs bid by non-bank lender Aquamore Finance in an appeal over a commercial loan accruing compound interest of 79 per cent per year.
An appeals court has returned a case to a judge it said did not give sufficient reasons for awarding damages in a case brought by flooring company Evagroup against a sales manager who left to launch a competing business.