Developer Lawsuit Dismissed After Appeal
08/10/2023
In late 2019, 6 purchasers filed an application for leave from court to sue a developer that went into liquidation. After leave was granted by the Court to the 6 purchasers in 2020, a suit was filed by 59 purchasers instead of 6, against the developer, the landowners, the land offices and authorities for damages based on alleged fraud. The liquidator and the land proprietors applied to strike out the suit. The Court in 2022 allowed the striking out application by the liquidator and the land proprietors. The purchasers appealed. The Court of Appeal dismissed the appeal in early 2023. The Federal Court, in the 3rd quarter of 2023, disallowed the leave application by the purchasers.