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BCC loses appeal over $8M trade credit policy to Phoenix financier
Appeals 2023-02-21 1:00 pm By Cindy Cameronne

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.

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Vannin Capital wins $44.5M judgment against Clive Palmer companies
Contracts 2023-02-10 10:48 pm By Cat Fredenburgh

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.

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Nuix ex-CEO loses $180M case over options agreement
Corporate 2023-02-07 10:12 am By Cindy Cameronne

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.

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McDonald’s wins privilege spat in case brought by ex-franchisee after viral video
Franchises 2023-02-06 2:10 pm By Cindy Cameronne

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.

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United Petroleum hit with franchisee class action over ‘unprofitable’ Pie Face stores
Class Actions 2023-02-02 10:21 pm By Cat Fredenburgh

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.

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SMBC mulls new claims in $34M lawsuit over Forum Finance receivables
Financial Services 2023-01-31 3:34 pm By Cindy Cameronne

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.

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Downer Energy found liable for defective boiler at NSW power plant
Energy & Natural Resources 2023-01-27 3:35 pm By Sam Matthews

A judge has found Downer Energy was responsible for a costly shutdown at a NSW power plant caused by a “practically unthinkable” defect.

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Optus to bring fraud counterclaim in $100M TeleChoice suit
Telecommunications 2023-01-25 3:12 pm By Sam Matthews

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.

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Appeals court sets aside arbitration award in Chevron gas field dispute
Arbitration 2023-01-18 2:59 pm By Sam Matthews

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.

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Downer wins pre-litigation docs in $25M spat with Alinta over Pilbara gas project
Energy & Natural Resources 2023-01-16 3:13 pm By Cindy Cameronne

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. 

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