Sydney developer Jean Nassif drops appeal against 10-year building licence suspension
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Embattled Sydney property developer Jean Nassif has withdrawn a legal challenge against a decision to suspend his building licence for a decade.
In December, NSW Fair Trading suspended Mr Nassif's building licence for 10 years and permanently revoked his company Toplace's licence, after finding them guilty of improper conduct.
The bans were imposed following an investigation by Fair Trading, which alleged it had found more than 40 defects in residential developments constructed by Toplace, including the Atmosphere and Skyview projects at Castle Hill and the Vicinity building in Canterbury.
Mr Nassif appealed the decision in December, but at an NSW Civil and Administrative Tribunal hearing on Monday, his lawyer Joseph Harb said he had "received instructions to withdraw the application".
Lawyer Mark Fozzard told the tribunal NSW Fair Trading would make an application for legal costs.
In June, NSW Police issued an arrest warrant for Mr Nassif for alleged fraud offences, and said they thought he was somewhere overseas.
The 55-year-old declined to face a NSW parliamentary inquiry in February, saying he was in a "remote" area of Lebanon.
His company Toplace entered administration in July.
In 2020, Mr Nassif also lodged a defamation suit against Sydney radio station 2GB and its presenter Ray Hadley over a series of broadcasts about his residential developments.
He alleged the radio broadcasts conveyed false and defamatory claims, including that he was an incompetent and dishonest builder who conned money out of off-the-plan buyers for units that were unfit for occupancy.
In August, the Federal Court ordered Mr Nassif to pay $900,000 if he wanted the defamation case to continue.
The money was to be paid in three instalments of $300,000 each in security to cover his legal fees if he lost the case.
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