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The High Court has declined a special leave application by Clive Palmer-owned mining firms challenging a judgment which ordered the billionaire to repay a $102 million loan taken out from Queensland Nickel prior to its collapse in 2016.
Commenting on the unprecedented nature of the case against her client -- the so-called postbox solicitor in the Banksia Securities class action -- a senior barrister has told a court of her shock at the conduct of her former colleague at the bar, Norman O'Bryan, who acted as lead counsel in the scandal-ridden litigation.
Insurance Australia Group agent Bond & Credit Company owes damages for misleading representations to Greensill Capital if the insurer was not authorised to enter into a trade credit policy at the centre of four lawsuits over the collapse of the financial services firm, a court has been told.
US bank Wells Fargo and Florida-based aviation leasing company Willis Lease Finance will have to pay $500,000 for the relocation of leased aircraft engines to Virgin after losing a High Court bid to have the airline foot the bill.
A bid by the liquidators of collapsed engineering company Hastie Group for Lendlease to pay back funds it withdrew under bank guarantees is “untenable” and “misconceived”, a court has heard in a $68 million case that also targets Multiplex, Grocon and John Holland.
The liquidator of collapsed vocational education provider Careers Australia can serve its lawsuit on two of the company’s former directors now living overseas, after a judge found a prima facie case of insolvent trading and breaches of directors duties had been made out.
Lawyers behind a scheme to defraud members of a class action over the collapse of Banksia Securities have offered $10.6 million to resolve a case that has put them on the hook for at least double that sum.
Tokio Marine subsidiary Bond & Credit Company and fired underwriter Greg Brereton have been pulled into lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in loans issued by the now collapsed Greensill Capital.
Administrators for building giant ProBuild have won more time to examine its assets as they try to avoid the "nightmarish prospect" of costly delays to the company's projects.
The Victoria Supreme Court will hold two passwords for Bitcoins in a secure location after a judge found that the loss of the passwords could lead to the destruction of $10.3 million worth of cryptocurrency at the heart of lawsuits involving the collapsed Blockchain Global Limited.