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Prosecutors secure second guilty plea in Nova Minerals market manipulation case
Securities 2022-06-10 9:48 pm By Harry Thomas

NSW man Benjamin Cooper has pleaded guilty to manipulating the share price of Nova Minerals in a conspiracy that involved the gold ore mining company’s former CEO.

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Tiwi Islanders sue Santos, government over offshore drilling project
Environment 2022-06-09 4:38 pm By Cat Fredenburgh

Tiwi Islanders have filed a Federal Court challenge to the Barossa offshore gas project, alleging they were not properly consulted about the project, which they say would harm their culture and way of life.

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Gilbert + Tobin lures M&A partner from Squire Patton Boggs
Corporate 2022-06-09 11:38 pm By Cat Fredenburgh

Gilbert + Tobin has wooed a corporate partner from Squire Patton Boggs with significant experience advising on transactions involving heavy hitters in the natural resources sector, including working on a US$15.2 billion rights issue by Rio Tinto.

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Parties in aluminium JV locked in court battle over Russian sanctions
Energy & Natural Resources 2022-06-03 9:35 pm By Sam Matthews

Russian sanctions imposed by former Foreign Affairs Marise Payne have thrown a spanner in the works for an Australia-based international joint venture between the world’s biggest aluminium companies.

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Kupang Resources can’t get tax docs in fight to recoup funds from director Phillip Grimaldi
Tax 2022-05-30 10:30 pm By Cat Fredenburgh

An appeals court has set aside a notice issued to the tax office to produce documents to Kupang Resources as the mining company seeks to claw back millions of dollars allegedly siphoned off by former shadow director Phillip Grimaldi.

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‘Diamond Joe’ Gutnick sued for $500,000 over mining tenements
Energy & Natural Resources 2022-05-26 5:25 pm By Sam Matthews

Mining company Moina Gold has sued Joseph ‘Diamond Joe’ Gutnick for $500,000 it says it is owed over an alleged botched contract to explore three mineral tenements in Tasmania.

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MIS regime ‘just cannot work’ for class action funding arrangements, court told
Class Actions 2022-05-25 10:46 pm By Christine Caulfield

A litigation funder challenging a decision underpinning recently enacted rules that require class actions to be registered as managed investment schemes told an appeals court Wednesday the decision was plainly wrong and the regime unworkable.

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Cliver Palmer can’t bring new case over $102M Queensland Nickel loan
Energy & Natural Resources 2022-05-20 2:59 pm By Cindy Cameronne

Clive Palmer-owned Queensland Nickel Sales has lost its bid to bring a breach of trust lawsuit against the liquidators of Queensland Nickel to recoup $102 million transferred after the billionaire suffered a courtroom defeat last year.

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Law firm’s tiered contingency fee in doubt in Beach Energy class actions
Class Actions 2022-05-19 2:44 pm By Christine Caulfield

A judge deciding one of the first ever applications by a law firm for a percentage cut of a class action will have to determine whether Victoria’s ground-breaking contingency fee legislation allows a group costs order to operate with a sliding percentage return.

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Quintis class action settlement takes hit as insurers win appeal
Insurance 2022-05-19 4:39 pm By Cindy Cameronne

Two insurers have won an appeal that blocks group members in a class action against sandalwood producer Quintis from receiving a further $11.25 million after a settlement was reached almost two years ago. 

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