Australia, June 3 -- New South Wales Land and Environment Court issued text of the following judgement on May 5:
1. By notice of motion filed on 1 May 2025, VSD Investments Pty Ltd as trustee for The VSD Investments Trust (VSD), seeks a stay of orders made by Peden J (the primary judge) on 2 May 2025 which required funds in Court to be paid out to Builtcom Constructions Pty Ltd (Builtcom) "immediately". Her Honour stayed the operation of the order until the earlier of a further order, including by this Court, or 5pm on 6 May 2025.
Background
2. VSD, as principal, entered into a building contract with Builtcom, as builder, for construction work in Burwood. On 22 November 2024, Builtcom served on VSD a payment claim pursuant to the Buildin...