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Deloitte partner in court fight with builder over Balmain reno costs
Construction 2023-08-18 11:59 pm By Cindy Cameronne

A Deloitte partner has brought legal action against a Sydney builder over variations to a $1.5 million contract to renovate his house in the waterfront suburb of Balmain, claiming the increases were meant as “cash support” for the construction business. 

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Funder wins indemnity costs despite ‘tactical’ $2M settlement offer
Bartier Perry 2023-08-04 11:01 pm By Cat Fredenburgh

A funder has won its bid for indemnity costs following a $2 million settlement offer, despite the offer being a ‘tactical’ move for costs protection in its successful $14.8 million claim against a Sydney property developer. 

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Ex-BCEG directors claw back costs after shaving $12.5M off judgment
Anna Mitchelmore 2023-05-04 2:43 pm By Sam Matthews

Two ex-directors of Chinese construction and engineering firm BCEG who were found to have defrauded the company have succeeded in clawing back a portion of their costs of a partially successful appeal which reduced the amount owing to their former employee by around $12.5 million.

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Court OKs walk-away settlement with former RCR Tomlinson directors
Class Actions 2023-04-05 11:40 pm By Cat Fredenburgh

A judge has approved a walk-away settlement with two former directors of RCR Tomlinson in a shareholder class action against the failed engineering company.

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The Star can add claims in dispute over casino renovation
Colin Biggers & Paisley 2023-03-31 1:57 pm By Sam Matthews

Star Entertainment can add new claims to a dispute over renovations at its Sydney casino, despite the fact that the defendant builder may be time barred from deflecting liability onto a subcontractor.

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‘Author of own misfortune’: Ex-BCEG directors can’t vary freezing orders after $12M judgment
Construction 2023-01-30 5:36 pm By Cindy Cameronne

Two former directors of the Australian unit of BCEG have lost their “urgent” bid to vary freezing orders after a judge found they swindled millions from the company to fund their own developments and buy a luxury apartment.

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Class action can’t get its hands on AMP, Clayton Utz emails
Anais d'Arville 2022-11-09 9:24 pm By Sam Matthews

A judge overseeing a class action over AMP’s fees for no service practice has dismissed the applicant’s bid to access communications between AMP and law firm Clayton Utz that led up to an ostensibly independent report that allegedly went through 25 rounds of edits with the wealth manager’s inhouse lawyers.

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Inpex can call on $467M bank guarantee in battle with Daewoo over delayed floating gas facility
Construction 2022-08-30 10:09 pm By Sam Matthews

A judge has ruled that oil company Inpex can call on a $467 million bank guarantee in its contract battle with Korean shipbuilder Daewoo over the contentious Ichthys LNG project off the coast of Western Australia.

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Judge approves $52M settlement in Takata airbags class actions
Allens 2022-08-15 11:38 pm By Cat Fredenburgh

A judge has approved a $52 million settlement is six class actions against car makers for allegedly selling cars fitted with deadly Takata airbags, under which individuals group members will get around $600 after $31.7 million in expenses is deducted.

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Bell Potter defeats $10M lawsuit over 1 minute trading call
Alexander Langshaw 2022-08-01 3:32 pm By Cindy Cameronne

Bell Potter has defeated a lawsuit by Nicholas Bolton’s Keybridge Capital over a 2015 phone call which lasted one minute and 18 seconds in which the investment firm was accused of committing its client to buy $10 million worth of shares in defunct Molopo Energy.

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