Advice regarding unlitigated matters
A large building company recently entered into voluntary administration, leaving over ten homes incomplete. The insurer had obtained security from the director of the building company in respect of any liability it incurred under the policies issued to the building company for the incomplete homes. The director was therefore keen to minimise the insurer’s exposure to the claim. Through discussions with the director and administrator of the building company and each of the claimants, we were able to negotiate a settlement of the claims on the basis that another building company, run by a family member of the director of the insured building company, would complete the outstanding works under the original building contracts. Our client ultimately incurred very little liability in relation to the claims.
July 30, 2010
The NSW Supreme Court has held that claims for breaches of the statutory warranties in section 18 of the Home Building…Continue reading
July 6, 2011
Vero Insurance Ltd v Owners of Strata Plan 69352  NSWCA 138 Introduction On 13 May 2010, we advised you of…Continue reading