Australia, Aug. 4 -- New South Wales Land and Environment Court issued text of the following judgement on July 3:
1. These proceedings concern agreements about the acquisition of land in Yarraville for some $165 million, at a time when it was intended that a joint venture property development would be pursued. The land was sold for some $255 million in 2021. Mr Jiang later brought these proceedings in order to recover over $5 million he claims he is still owed by the defendants under a 2016 agreement.
2. Mr Jiang's claim was defended and a cross claim was also pursued. But it was dismissed and corresponding provisions of the amended defence were struck out in May 2025, with the result that it was only Mr Jiang's claim which was left to be...