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Page 22 - ரியல் எஸ்டேட் மற்றும் கட்டுமானம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

All-up settlement offer for all claims in the proceeding? – Think again - Litigation, Mediation & Arbitration

WICET ) (the principal). While CMC succeeded on their claim against WICET at trial, WICET also succeeded on their counterclaim against CMC. The key issue arose from the fact that WICET made an all-up offer, expressed to be under Chapter 9, Part 5 of the Uniform Civil Procedure Rules 1999 ( UCPR ), to settle all claims in the proceeding . The offer was also accompanied by a covering letter which bore the heading without prejudice except as to costs . However, as the offer did not distinguish between the claim and counterclaim, the trial judge had to establish whether the all-up offer for all claims in the

New build-to-rent (BTR) planning controls for NSW - Real Estate and Construction

To print this article, all you need is to be registered or login on Mondaq.com. The first stage of the NSW Government s attempts to streamline State planning policy relating to housing has been released, with long-awaited planning controls for build-to-rent (BTR) developments announced by NSW Treasurer, Dominic Perrottet (Treasurer) and Minister for Planning and Public Spaces, Rob Stokes (Minister) on 12 February 2021 coming into immediate effect. The new State Environmental Planning Policy Amendment (Build-to-rent Housing) ( Amending SEPP) will not only establish a definition for BTR for the first time in NSW but mandate minimum lifespans for BTR developments, allow BTR

Adjudicators & contractors warned – Do not be late; know your licence - Real Estate and Construction

To print this article, all you need is to be registered or login on Mondaq.com. This recent Queensland Court of Appeal decision clarifies the effect of a late adjudication and reiterates why it is important for contractors to frequently review their licensing position. Whether lateness of the Adjudicator s decision made it void. Whether the costs of the Adjudicator were payable. Whether the works were excluded from the definition of building work requiring a licence and whether in the circumstances the adjudicator had any jurisdiction to decide the builder was entitled to a progress payment under the Building Industry Fairness

NSW Court of Appeal clarifies 10-year limitation for allegedly defective building works - Real Estate and Construction

EPA Act Before looking at the Bandelle decision, s 6.20 of the EPA Act provides a long-stop limitation period of 10 years for any loss arising from defective building works, irrespective of when defects become apparent. Essentially, s 6.20 prevents any person from bringing civil proceedings for loss or damage arising from defective work if the works were completed more than 10 years prior. The intent of this provision is stop parties bringing actions for allegedly defective works well after those works were completed. Background On 2 January 2017, the Respondent, Sydney Capitol Hotels occupied level 5 of a building located on George St, Sydney ( Building), and had occupied this space since

Key Developments In Canadian Insolvency Case Law In 2020 - Insolvency/Bankruptcy/Re-structuring

Bellatrix Exploration Ltd. (Bellatrix) obtained protection under the Companies Creditors Arrangement Act (Canada) (CCAA). At the time of the CCAA filing, Bellatrix was party to certain contracts with an energy producer (EP) for the purchase and sale of natural gas (Contract). Bellatrix sought to disclaim the Contract and cease delivery of natural gas to the EP. The EP argued that the disclaimer notice provided by Bellatrix was invalid because the Contract constituted an eligible financial contract (EFC) for the purposes of the CCAA. Under section 32(9) of the CCAA, a debtor company is not permitted to disclaim contracts that are EFCs. Pursuant to the express terms of the Contract, the

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