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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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Judge signs off on 40% cut for law firm in Arrium class action
Class Actions 2022-04-27 1:16 pm By Cat Fredenburgh

A judge has approved a 40 per cent group costs order for the law firm that’s running a class action against KPMG and former directors of collapsed mining company Arrium, the highest approved since the state began allowing lawyers to earn a cut of class action awards.

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‘High time’ to end uncertainty: Judge sets clock to run after class action abandoned
Class Actions 2022-04-27 11:52 am By Christine Caulfield

A judge has ruled that the discontinuance of a class action doesn’t lift the suspension of the limitations period on group member claims, and a court order that the clock run again is needed to ensure companies don’t face potential litigation in perpetuity.

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Teens won’t take climate change class action to High Court
Environment 2022-04-12 3:21 pm By Miklos Bolza

An appeals court’s finding that the federal government does not owe a duty of care to Australian kids to protect them from the effects of climate change will stand after the lead applicants declined to take the matter to the High Court.

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CIMIC to pay $492M to settle dispute over Ichthys LNG project
Energy & Natural Resources 2022-04-12 4:54 pm By Miklos Bolza

Engineering firm CIMIC has agreed to pay $492 million to settle a long-running dispute with JKC Australia over construction for the $45 billion Ichthys LNG project in the Northern Territory.

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KPMG faces second class action by shareholders of collapsed mining company
Energy & Natural Resources 2022-04-11 6:42 pm By Cindy Cameronne

KPMG has again been targeted in a class action by shareholders of a defunct mining company, this time over allegedly misleading statements made by CuDeco ahead of a $63 million capital raising in 2016 and before the company’s collapse in 2020.

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