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Class action fends off Clydesdale Estate liquidator’s bid to ‘destroy’ claim
Class Actions 2025-02-19 11:18 pm By Cindy Cameronne

A class action on behalf of people who purchased off-the-plan homes in the Clydesdale Estate in north-west Sydney has won a dispute with the liquidator for the collapsed developer.

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Judge who acted in ‘hot contest’ shouldn’t hear Greensill case, court told
Restructuring & Insolvency 2025-02-14 11:00 pm By Cindy Cameronne

Greensill has a “clear case” for recusal of a judge poised to hear cases over its $1.7 billion collapse, who previously acted as senior counsel for insurer Marsh in a satellite dispute.

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Development manager behind $2.7B STH BNK project owes $100M
Restructuring & Insolvency 2025-02-17 11:38 pm By Julia Kanapathippillai

The development management company behind the $2.7 billion STH BNK project, which was placed in administration last week, owes creditors — including lawyers, consultants and designers — over $100 million.

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Greensill files disqualification bid against judge who acted for Marsh
Insurance 2025-02-10 11:37 pm By Cindy Cameronne

Defunct Greensill Group has filed a bid to disqualify a recently appointed Federal Court judge from hearing a case over its $1.7 billion collapse.

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Judge allows tweaks in case against CBA, Westpac over financing for Perth development
Construction 2025-02-11 11:54 pm By Andy Sidler

A guarantor of developer Westgem Investments can amend her claim against Westpac and the Commonwealth Bank related to the financing for a commercial development in Perth’s Raine Square.

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Steller directors deny they intended to make $120M guarantee
Construction 2025-02-10 11:14 pm By Andy Sidler

Former directors of Steller Developments have told a court they did not intend to guarantee the company’s debt in the event of bankruptcy, as trial kicked off in proceedings by the collapsed Melbourne developer’s liquidators. 

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NSW builder Clarke Homes collapses after ‘escalating costs’ of material, labour
Construction 2025-02-07 1:31 pm By Cindy Cameronne

Citing rising costs of materials and labour, NSW Central Coast builder Clarke Homes has entered voluntary administration, with several building projects incomplete.

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Callide Energy can’t block sale of interest in Queensland power station
Energy & Natural Resources 2025-02-06 11:06 pm By Andy Sidler

Callide Energy has failed in a courtroom bid to block the sale its partner’s interest in the joint venture for the construction and operation of Queensland’s Callide power station.

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Associate of Graaf Group founder can’t block sale of $22M Potts Point property
Real Estate 2025-02-04 11:44 pm By Sam Matthews

A judge has rejected an “ambitious and novel” freezing order sought by a creditor and former associate of bankrupt Graaf Group founder Gennaro Autore over a $22 million boutique hotel in Potts Point.

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Armour takeover case against Baker McKenzie can’t boost damages to $135M
Corporate 2025-01-31 11:54 pm By Sam Matthews

A judge has rejected a new pleading that would have upped the damages to $135 million in a case by a shareholder of failed energy company Armour Group alleging law firm Baker McKenzie was knowingly involved in a plan to take control of the company for cheap.

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