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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 $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.
Insurer Marsh wants the Full Federal Court to overturn a ruling barring it from pursuing claims in a UK court over the failure of Greensill Capital.
Upping the ante in sprawling litigation over the failure of Greensill Capital, the global finance firm's bank has won an anti-anti-suit injunction against Marsh that bars the insurer from prosecuting its UK case.
Alcoa has won a transfer pricing dispute with the Tax Office, with a tribunal rejecting the ATO's novel argument that Alcoa was not dealing at arm's length in selling alumina to a distributor that bribed Bahraini government officials.
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm's administrator.
A newly appointed judge has disqualified himself from hearing a group of cases over Greensill’s $1.7 billion collapse, after he acted as counsel for insurer Marsh in a related dispute.
A commercial leader at engineering and construction company Laing O’Rourke was unfairly dismissed over false claims he was offensive and aggressive towards Stayz hosts who complained about a late night work party, a judge has found.
The High Court has rejected dam services provider Sunwater's request that it weigh in on a dispute over insurance coverage for a $440 million class action settlement with victims of the 2010-2011 floods in Queensland.