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Cussons seeks $4.7M in indemnity costs from ACCC for ‘doomed to fail’ cartel case
Personal healthcare giant PZ Cussons is seeking $4.7 million in indemnity costs from the ACCC, claiming the regulator's much hyped spoke and hub case over an alleged laundry detergent cartel was always "overwhelmingly likely" to fail.
East Timor loses second attempt to shut down $328M fuel supply dispute
An appeals court has thrown out the Democratic Republic of East Timor's second bid to stay a case brought against it by Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply contract.
UDP wins $25M from insurers over doomed 5 Star Foods deal
Hong Kong-based UDP was entitled to $25 million from its insurers after losing more than $30 million from its disastrous acquisition of dairy conglomerate 5 Star Foods, which had been secretly overcharging one of its biggest customers, food giant Lion Nathan Group.
Viva Energy can’t block arbitration in oil tanker dispute, judge says
A judge has sent a dispute between oil giant Viva Energy and a Panama-based oil transporter over petroleum allegedly contaminated during transport into arbitration.
East Timor can’t duck $328M fuel supply dispute with Lighthouse Corporation
The Democratic Republic of East Timor has lost its bid to dismiss a lawsuit brought by oil and gas firm Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply agreement, with a judge finding the court has jurisdiction to hear the case after an ICSID panel declined to arbitrate the dispute.