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A Diploma Group subsidiary developed 176 Adelaide Tce. Photo: Attila Csaszar

Diploma entities have a win on bonds

QBE Insurance Group has recorded one win and one loss this month as it battles in the Supreme Court for the financial scraps left after the collapse of Perth companies Capital Works Constructions and Diploma Group.

Two entities associated with Diploma – Swanhill Enterprises and 176 Adelaide Terrace (176 Adelaide) – had a tactical win over QBE after the Supreme Court upheld performance bonds and maintenance bonds issued by the insurance group.

Swanhill was an entity related to the Di Latte family, which ran ASX-listed Diploma Group.

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