The Full Federal Court has granted a limited appeal in the Kingdom of Spain’s challenge to a judgment enforcing a $375 million arbitration award over two renewable energy investments, ordering a redrafting of the primary judge’s orders but rejecting claims that Spain was immune as a foreign state from enforcement of the award.
Collapsed gold producer Orinoco Gold could face a class action after a shareholder won access to a raft of company documents to investigate the prospect of a group proceeding to recover losses.
A unit of Standard Chartered Bank has prevailed in a securities spat with Energy World Corporation, which has been ordered to approve a $64.4 million note transfer and pay $42.2 million to the Singapore-based bank.
A class action brought on behalf of 40,000 customers has been launched against two Queensland energy generators who are accused of ‘gaming’ the energy pricing system and artificially inflating consumer prices.
A trade mark dispute between US oil giant Chevron and Australian petrol station operator Ampol has been set down for an expedited hearing in April, ahead of which the companies have been ordered into mediation.
A judge has told a unit of US energy giant Chevron Corporation to consider narrowing its trade mark dispute against Australian petrol station operator Ampol, as the parties consider whether to take the matter to an expedited hearing.
The Conservation Council of Western Australia has brought legal action in the Western Australia Supreme Court alleging the state government should not have approved Woodside’s proposed Burrup Hub LNG expansion.
Billionaire Clive Palmer has offered to withdraw his High Court contempt of court lawsuit against Western Australia Premier Mark McGowan “in a spirit of reconciliation and forgiveness”, but his defamation case against the state leader will continue.
The Australian Federal Police have arrested a second former high ranking executive associated with Leighton Holdings as part of an ongoing investigation into alleged foreign bribery.
ASIC has spent $3.2 million so far pursuing billionaire mining magnate Clive Palmer in two criminal lawsuits alleging takeover contraventions and fraud.