Michael Izzo

Japanese bank SMBC, which was duped by fraudster Bill Papas to enter into agreements with a Humm subsidiary for assets and receivables that didn't exist, has won the right to call in warranties on its $113.7 million investment.

Crown Resorts has lost a fight against a proposal by funders for iProsperity Group's liquidators to put up an after-the-event insurance policy as security for costs in a case that seeks to recover $55 million in gambling losses.

A solicitor who attributed a barrister's submission about his client's capacity to a Supreme Court judge in a letter to a costs assessor has lost an appeal of a NSW Law Society decision to caution him.

KMPG partner John Lindholm has escaped a potential probe into his decision to endorse a settlement in the scandal-ridden Banksia Securities class action as the receiver for the collapsed lender.

A judge has questioned whether an investor in failed Banksia Securities can bring a case against a court-appointed receiver over his support for a class action settlement later found to involve deception by a team of lawyers. 

The receiver for Banksia Securities — the failed lender at the centre of a scandal-ridden class action — has argued a new case accusing him of serious misconduct is vexatious and wants a court to release him from the claims.

Glencore wants a second chance to argue its case against Port of Newcastle over wharfage fees, which it claims were excessive in light of a determination by the competition watchdog.

In the latest chapter of a feud between billionaires Fritz Kundrun and Hans Mende, the co-founders of global commodities firm AMCI, a court has found the sacking of the group's Australian managing director was invalid.

A judge has refused a bid by the Port of Newcastle to make declarations following the dismissal of Glencore Coal's case claiming it was overcharged $874,000 in wharfage fees, saying her judgment was clear on its face. 

Port of Newcastle has failed in its bid for declarations following its defeat of of Glencore Coal's case over wharfage fees, despite arguing further disputes could be avoided.