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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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Judge to hear rival bids for contingency fees in Beach Energy class actions
Class Actions 2022-05-17 4:32 pm By Cindy Cameronne

A judge overseeing a beauty parade of two class actions against Beach Energy will hear competing bids for contingency fees by the plaintiffs’ firms before choosing which of them will have carriage of the case.

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KPMG takes Arrium class action venue battle to High Court
Class Actions 2022-05-13 1:33 pm By Christine Caulfield

A fight over the venue for a class action against KPMG by investors in the collapsed mining company Arrium has been taken to the High Court, and at the centre of the battle is a contingency fee order made in the case.

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Gina Rinehart’s daughter wins appeal over $4B family trust documents
Appeals 2022-05-11 1:19 pm By Cindy Cameronne

The NSW Court of Appeal has granted Bianca Rinehart’s bid for her billionaire mother Gina to hand over trust documents that could be used in a dispute over ownership of the $4 billion family trust. 

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ASIC says Australian Mines lied about funding for ‘critical’ $500M project
Energy & Natural Resources 2022-05-10 4:53 pm By Cat Fredenburgh

The corporate regulator has taken Australian Mines to court after its managing director was allegedly caught lying at an investment conference about the value of an offtake agreement and funding for a project at its cobalt and nickel mine in Queensland.

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AGL dodges green shareholder’s challenge to demerger scheme booklet
Energy & Natural Resources 2022-05-06 5:48 pm By Sam Matthews

AGL Energy has defeated a green investor’s challenge to its demerger scheme booklet ahead of a vote on the controversial proposal, but has been ordered to rectify a video to disclose the climate-related risks of the plan.

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EY dodges ‘speculative’ subpoena over independence in share sale case
Corporate 2022-05-02 2:01 pm By Sam Matthews

Ernst & Young has won a bid to throw out a subpoena probing whether its conflict-of-interest protocols were followed in a lawsuit against mining equipment company PPK, with a judge dismissing the summons as a fishing expedition.

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Judge won’t stay Australian Mud Company’s bid for $40M in damages for drilling patent infringement
Intellectual Property 2022-04-29 5:48 pm By Cindy Cameronne

Mining tool company Globaltech has lost its bid to delay Australian Mud Company’s case, on foot since 2016, which seeks $39.9 million in damages for its rival’s infringement of a mining tool patent.

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