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White Oak ordered to pay $13M in security for Greensill trial
After baulking at paying for their Rolls-Royce defence, Greensill investor White Oak has been ordered to pay a total of $13 million in security to insurers IAG, Tokio Marine and BCC for their costs of a 35-day trial.
Capco wins discovery as it mulls suit against NTT Data, ex-employee
Tech and management consultancy Capco has won preliminary discovery orders as it considers whether it has a case against a former senior employee who resigned to work for rival NTT Data.
Construction PRO
Glencore deed not unprofitable because liquidators want better deal: court
Tossing a case by Tahmoor Coal's liquidators over a royalty deed that gave Glencore payments in perpetuity and impacted the company's sale price, an appeals court has found the deed was not unprofitable just because creditors might get a better return without it.
Capco mulls suit against NTT Data, ex-employee
Tech and management consultancy Capco has won preliminary discovery as it considers whether it has a case against a former senior employee who resigned to work for rival NTT Data.
Lex Greensill ‘shocked’ by validity issues with IAG policy, court told
Greensill Capital's founder expressed "shock" in 2020 when concerns emerged over the validity of an IAG policy keeping his financing business afloat, telling underwriter BCC's then managing director the issue needed to be kept quiet, a court has heard.
Alphapharm agrees to injunction in Gilead patent suit over HIV drug
Alphapharm has agreed it won't supply a generic version of HIV drug Odefsey while a dispute with Gilead over three patents for the drug is on foot.
IAG kept doubts about validity of Greensill policy secret, court told
IAG and Tokio Marine kept their concerns about the validity of Greensill Capital's 2019 trade credit insurance policy confidential, even as they must have known the supply chain financier was using the policy to attract investors, a trial court has heard.
Greensill report by Japanese law firm privileged, court finds
A judge overseeing the trial in a case against a group of insurers over the collapse of Greensill Capital has ruled that a report by a Japanese law firm is privileged despite the absence of legal professional privilege in Japan.
Three silks apiece overkill for IAG, Tokio Marine in Greensill trial, court told
Investor White Oak on Tuesday fought back against a push by IAG and Tokio Marine for over $15 million in security on the eve of trial in its case over the collapse of Greensill Capital, saying the insurers' Rolls Royce approach was unreasonable now that the bulk of the $7 billion litigation had settled.
Construction PRO
Historic win for activists in climate change case over MACH coal mine
A community group has won the first-ever climate change case to go to the High Court, which found Wednesday that a planning authority was required to consider the climate impacts of downstream emissions before approving MACH Energy's bid to expand its Mount Pleasant coal mine.