Industries

The developer of a luxury apartment complex in Sydney's CBD has fended off a stay application in a spat with the owners corporation, with a judge finding that it was not precluded from resolving their dispute through the courts.

More than four years after the roof of the Kew Recreation Centre in Melbourne’s east collapsed, builder ADCO has filed a suit seeking millions in damages from the local council, alleging it provided a defective design which made collapse “inevitable”.

Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.

The owners corporation for an apartment complex in the Melbourne suburb of St Kilda has lost its adverse possession claim over a tennis court mostly located on adjoining land, with a judge finding their use of the property was subject to a lease. 

Monadelphous Group has won a $110 million contract with offshore engineer BW Opal to provide maintenance services at a facility off the coast of Darwin.

Builder Leda Constructions has lost its bid for injunctions that would prevent the principal in a $4 million building contract from calling on two bank guarantees worth $101,553 each. 

Pointing to a pattern of non-compliance with his orders, a judge hearing a shareholder class action over the collapse of mining company Cudeco has expressed concerns about “significant" delays in the case.

The judge overseeing a whistleblower suit by the former head of recycling at Neometals has chastised the executive for using ChatGPT to prepare an unsuccessful stay application.

WiseTech has agreed to divest logistics software company Expedient, which the ACCC said the Richard White-founded company acquired before the regulator had completed its competition review.

A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.