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Construction PRO
The co-owners of the Pacific Werribee shopping centre in Victoria have lost their bid to join collapsed builder Probuild’s primary insurer AIG to their case over $356 million in alleged defects.
Veteran of the NSW bar Edward Muston SC has been sworn in as the newest judge of the state's Supreme Court, but before he was prosecuting high stakes environmental law cases, his plan was to be a jackaroo.
Construction PRO
An appeals court has allowed developer Sayers Property's $1.9 million insurance claim in relation to a $11 million purchase of land.
The trustee for super fund Cbus has agreed to pay a $23.5 penalty after admitting liability in the corporate regulator's case over excessive delays in processing $20 million in death and disability claims.
The NSW Law Society's unusual approach to a proposed case against a law firm principal for a clerk's alleged embezzlement of client funds means insurer Lawcover's summary dismissal bid must fail, a judge has said.
The applicant in a class action against AMP wants to amend the case five years in and three months out from trial, but a judge has warned he will look dimly on any changes that disrupt the evidence planned for the hearing.
Wealth manager Colonial First State Investments and insurer AIA have reached a $140 million settlement in a long-running class action alleging 700,000 superannuation members were charged inflated premiums on insurance products linked to former owner CBA.
ASIC is considering an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance's former boss and another executive over a sales incentive scheme.
Barry Nilsson has executed on its strategic growth agenda with the recruitment of six new principals and their teams from DLA Piper in a major boost to its insurance and health practice.
Construction PRO
Insurer Liberty Mutual has argued that CPB Contractors and John Holland's $150 million in claims in relation to Sydney's North West Rail project are largely out of time, in a lawsuit alleging the insurer breached its duty of good faith.