Michael Izzo

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. 

The receiver for failed Banksia Securities wants a release from claims stemming from his role, including a case by investors who lost their life savings only to be duped by the class action team that represented them.

Glencore Coal has lost its case against the Port of Newcastle alleging it has been overcharged shipping fees based on a determination by the competition watchdog.

A judge has given the greenlight to a $10 million settlement with entities linked to late solicitor and Banksia class action mastermind Mark Elliott, noting the “perverse” difficulty of recovering more of the $70 million in assets held on trust.

Entities linked to the late solicitor Mark Elliott are set to pay $10 million to settle claims by Banksia class action members, despite a related company owning $70 million on trust, a court has heard. 

A judge has approved a bid by administrators of Rex to delay the next creditors’ meeting to continue talks with several potential buyers of the regional airline.

An email to lawyers at Clifford Chance relied on to show investor Fiona Lock’s understanding of a contested $150 million profit sharing deal with trading platform Pepperstone did not open the door to further correspondence.