Amy Campbell

Credit ratings agency Fitch has lost its bid for financial information about three Lloyd’s insurance syndicates which are providing after-the-event coverage in a class action over synthetic collateralised debt obligations. 

Insurance Australia Group has reportedly settled a multibillion dollar case by Credit Suisse over the collapse of supply chain financier Greensill Capital on the eve of a five-month trial.

Two Deloitte reports commissioned by a Swiss law firm for Credit Suisse are protected by legal professional privilege despite access given to financial regulators investigating the collapse of supply chain financier Greensill. 

A judge has ordered a class action against Fitch to fork over $12.4 million in security, refusing to discount the sum for what the class action called the company's 'Rolls-Royce' defence.

Credit Suisse is fighting a bid for access to Deloitte reports commissioned by a Swiss law firm and advice from Linklaters, in litigation against insurers over the collapse of supply chain finance company Greensill Capital. 

Credit Suisse has dropped its claim for indemnity against insurance agent BCC under a trade credit policy issued prior to Greensill Capital’s collapse in 2021, with a judge hearing the admission marks a "complete u-turn in the case".

Insurers Marsh Limited and Insurance Australia Limited are seeking production of two reports by Deloitte commissioned by a Swiss law firm in litigation over the collapse of supply chain finance company Greensill Capital. 

Insurance Australia Limited has settled a $4 billion action brought by Germany's Greensill Bank and its administrator ahead of a six-month trial against the insurer and others over the failure of the trade financier.

Two Credit Suisse funds and UBS on Monday lost a battle to shield documents in sprawling litigation over the collapse of trade financier Greensill, failing in their arguments that production of the material ran afoul of Swiss and Luxembourg law.

Cairns Airport has failed to convince a judge to split off the hearing of a counterclaim and set-off defence in its unpaid licence fee case against Ampol and Viva Energy.