Law & Regulation

Apartment owners eye insurers in $20m leaky building claim

Victoria Young
Thu, 11 Mar 2021

Apartment owners eye insurers in $20m leaky building claim
ASX-listed litigation funder Omni Bridgeway has opened a $20 million closed class action for apartment owners in an Auckland block known as Victopia.
Victoria Young
Thu, 11 Mar 2021
A decade on from launching an investigation into defects in their apartments, owners in an Auckland leaky building now have a chance to go after insurers to fund their repairs.ASX-listed litigation funder Omni Bridgeway has opened a $20 million closed class action for apartment owners in an Auckland block known as Victopia.The no-win, no-fee class action is aimed at helping almost 200 owners in the Auckland central apartment building pay for leaky building repairs.  The 15-storey building was signed off by Auckland Council in 2005, but by...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.