Australia, May 29 -- New South Wales Land and Environment Court issued text of the following judgement April 29:
1. On 11 April 2025, I delivered judgment in this matter, dismissing claims by both Builtcom and VSD concerning aspects of an adjudication determination: Builtcom Construction Pty Ltd v VSD Investments Pty Ltd atf The VSD Investments Trust [2025] NSWSC 250 (Judgment).
2. The effect is that the determination has not been set aside. It required VSD to pay Builtcom the sum of $8,467,232.13.
3. On 7 February 2025, Stevenson J ordered VSD to pay $8,703,875.26 into Court. That sum comprises the adjudicated amount ($8,467,232.13), 50% of the adjudicator's fees ($48,420.90), and interest from 13 December 2024 to 28 February 2025 at 10...