The owners corporation suing Parkview Construction over alleged combustible cladding at the Australia Towers in Sydney Olympic Park is “hopeful” of a settlement being reached, a court has heard on the eve of trial.
Liquidators of collapsed Forge Group are close to settling their insider trading case against engineering and construction company Clough and former directors, a court has heard on what was to be the first day of trial.
A community group has filed a lawsuit over the government’s assessment of Santos’ Narrabri lateral pipeline, the latest challenge to the company’s $3.6 billion natural gas project in northern NSW.
A SOP Act adjudicator had power to determine that reasons proffered by a Queensland construction company for withholding payment to a concrete subcontractor were “new reasons” and not properly made, a court has found.
Construction group Roberts Co owes unsecured creditors almost $100 million, a court has been told as administrators secure more time for the builder’s founder to pitch a restructuring deal.
Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right.
Although Meriton’s contractor prevailed in a cladding spat over Brisbane’s Infinity Tower, the owners corporation’s arguments were not at all stages “without merit”, a QCAT member has said in declining to award the builder its costs.
Investors who alleges they were misled about a Melbourne apartment development have reached a $2.5 million settlement in class action proceedings.
A judge has said that asset preservation orders are likely warranted against the former head of collapsed builder Quasar Constructions, after its liquidator revealed he sold $24 million in property interests shortly before the company went under, but found he did not have power to make the orders.
Investment house Washington H. Soul Pattinson has reached a merger agreement with building products and property company Brickworks to create a $14 billion powerhouse.