Insurer Bond & Credit Company has lost its appeal of a decision ordering it to indemnify an Australian non-bank lender that provided $8 million in trade finance to companies in Phoenix Group shortly before its collapse.
Clive Palmer’s Queensland Nickel and three other Palmer-related entities have been ordered to pay $44.5 million (US$30.8 million) to litigation funder Vannin Capital for defaulting on a loan for a private jet.
Nuix has defeated a lawsuit by ex-CEO Edward Sheehy alleging he was owed $183 million in options under a 2008 agreement, with a judge finding the options could only be exercised if the company was sold.
A former McDonald’s franchisee has lost his challenge to a privilege claim by the fast food giant in his lawsuit alleging he was wrongly dropped after questioning his neighbour’s Indigenous identity in a 2019 viral video recording an altercation over an Aboriginal flag.
United Petroleum has been hit with a class action on behalf of franchisees who allege they suffered loss when the petrol giant installed loss-making Pie Face stores at its franchise sites.
Japanese bank SMBC has foreshadowed an application to add claims against Humm Group after the fintech’s subsidiary allegedly misled the bank about receivables under contracts forged by a Forum Group entity.
A judge has found Downer Energy was responsible for a costly shutdown at a NSW power plant caused by a “practically unthinkable” defect.
Optus has won more time to bring a counterclaim in a $100 million lawsuit by mobile retailer TeleChoice alleging it was misled when the telecommunications giant claimed it would earn the same revenue as in an agreement that was being negotiated with Telstra.
An appeals court has dismissed an appeal from two contractors who worked on Chevron’s Gorgon gas field project who allege they were underpaid over $130 million by the energy giant.
Mining company Downer EDI has won its bid to review documents between Alinta Energy and a superintendent who allegedly acted improperly in a spat over a $208 million solar gas hybrid project in the Pilbara region.