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The Commercial Dispute Rise In Australia: A Deep Dive Into Metricon Homes' Crisis

17.08.23

Australia's leading home builder, Metricon Homes, stands on the brink of a financial crisis, with mounting concerns that it may join the likes of Privium, Condev, and Porter Davis Homes in recent industry collapse. Homeowners are reeling as the company has given them a harsh ultimatum: either face substantial price hikes for the remaining construction or forgo their deposits. This results from rising inflation, labour and material costs, and global supply constraints. Shockingly, some face an extra $266,000 under a new contract. Amidst these upheavals, the NSW Fair Trading has initiated an investigation following a surge in customer grievances. This has given rise to speculations about Metricon's potential insolvency, with dispute lawyers gearing up to intervene. Read More.

Building Industry Fairness Act Part 2: Issuing a Payment Schedule

02.06.21

This is the second article in our three-part series regarding the operations of the Building Industry Fairness (Security of Payment) Act 2017 (‘BIF Act’). The BIF Act was introduced primarily to simplify the procedure for recovering payments owing to contractors in the building and construction industry. Read More.

Estate administration process litigation series part 3

18.01.21

This is the third article in our three-part series addressing the common disputes that may arise in respect of a deceased estate. In this article series, the Ramsden Lawyers’ Litigation Team, takes you through the estate administration process, including the responsibilities delegated to the executor and the issues which may arise, enabling potential claims to be made. Read More.

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