Global litigation funder, IMF Bentham, and law firm Russell McVeagh announce investigation of a New Zealand Class Action regarding PE core combustible cladding
Who is affected
Potentially hundreds of buildings across New Zealand are affected by combustible PE core cladding. Councils across New Zealand have done some work to identify affected buildings, however responsibility for dealing with PE core cladding on existing buildings largely rests with property owners. For unit title schemes, responsibility falls to bodies corporate.
What should affected NZ property owners do
To participate in the potential class action, property owners are encouraged to register their interest promptly.
About the proposed action
The proposed NZ class action is open to property owners, body corporates and lease-holders who have suffered or will suffer financial loss from removing and replacing Alucobond and Vitrabond PE core cladding products, or taking other remedial measures.
How do owners know if their building is affected?
Many owners do not know if their building’s cladding is combustible and expert advice may be needed to determine the answer. We encourage owners to register even if they do not know what cladding they have on their building.
In Melbourne, the ‘Lacrosse’ tower, a 23-storey mixed-use building (comprising residential & commercial lots) suffered a potentially fatal fire after its combustible cladding caught fire on 25 November 2014. In London, cladding on the ‘Grenfell’ tower caught fire on 14 June 2017, resulting in loss of lives and property.