Funder wants to open 'Pandora’s box' of building claims

Funder wants to open 'Pandora’s box' of building claims
Victoria Young
The funder of a class action against manufacturers of particular types of combustible cladding is confident in its claim, despite limited council information about how many buildings actually use the product. Late last year, ASX-listed litigation funder IMF Bentham and law firm Russell McVeagh began registering interest in a class action for building owners affected by combustible cladding, a material that garnered publicity because it was used on London’s Grenfell tower where 72 people died when it caught fire in 2017.The case follows an...

More Property

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025