The Australian subsidiary of Spanish engineering contractor Duro Felguera has been placed into voluntary administration after becoming mired in multiple legal disputes related to construction of the Roy Hill iron ore project.
Spanish-owned contractor Duro Felguera Australia, which is involved in multiple legal disputes arising from its work on big resources projects, has been ordered to set aside $20 million because of concerns it would not be able to pay potential claims.
The head contractor on the Roy Hill project has won two out of five determinations in the latest instalment in its legal dispute with sub-contractor Duro Felguera today, but Samsung C&T was still told to pay Duro $12 million out of more than $60 million that had been sought.
Laing O'Rourke had a pyrrhic victory in the Court of Appeal today, when it managed to overturn a previous adverse ruling but it appears the construction contractor still won't be getting the $45 million it was awarded by an adjudicator in 2015.
Spanish contractor Duro Felguera has suspended ongoing obligations to Samsung C&T, after the Roy Hill project head contractor refused to pay out on five recent court adjudications.
Spanish contractor Duro Felguera has won a legal battle with Samsung C&T over the jurisdiction of a contractual dispute for work on the $10 billion Roy Hill project, with the next stage to play out infront of Singaporean arbitrators.
South Korean contractor Samsung C&T has announced it will take over the work previously contracted out to failed construction company Forge Group at Roy Hill.
A three-month battle to keep Forge Group afloat has come to a sudden end, with administrators and receivers called in to manage the company's assets after financier ANZ Banking Group withdrew support for the engineering contractor.
