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Construction PRO
A court has excused the developer of a warehouse in greater western Sydney from paying a $1.38 million rent guarantee to CapitaLand Ascendas' REIT trustee Perpetual, finding it met its obligation to procure a tenant.
The wife of a Dubai investor who is accused of failing to repay a $10.7 million debt over a "highly unusual" airport investment proposal has been hit with a third-party freezing order, after the court heard that she received $1.2 million from her husband's business.
The owner of a concrete business has lost his suit against the purchasers for compensation for out of hours work, with a judge finding his services agreement made clear he was to be paid a fixed annual rate of $200,000.
Construction PRO
Acciona has won $2.1 million from Zurich Insurance and two other insurers in a case alleging it was entitled to indemnity after severe weather events damaged work on the Bruce Highway project in Queensland.
Construction PRO
Transport for NSW has issued a warning to M6 construction contractors CPB, Ghella and UGL over a “sustained failure” to resume work on the Sydney motorway after sinkholes forced a halt to the project in 2024.
Construction PRO
Crowley Australia has lost its challenge to a $6.1 million decision for contractor Latitude 63 in a payment row over the construction of fuel tanks in Darwin, with a judge rejecting claims the adjudicator should have recused himself.
A court has heard that a class action on behalf of hundreds of thousands of customers whose flights were cancelled during the COVID-19 pandemic is estimated to be worth over $100 million.
The Parramatta Eels and National Rugby League player Zac Lomax have reached a settlement in a contract dispute over his plans to join the Melbourne Storm.
Mineral Resources has won a bid for more documents in its fight with the Pilbara Ports Authority over the validity of a channel charge.
A judge has awarded private equity firm CPE Capital, formerly CHAMP, $96 million in a dispute over a profit sharing agreement that was part of a deal to provide $150 million in vendor finance to FX Group Holdings for shares in trading platform Pepperstone.