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Billabong founder Gordon Merchant has won the ear of the High Court in his fight over what the ATO claims was a "wash sale" of his 10 million shares in the retailer, but the justices have also agreed to hear the tax office's appeal.
Russian company UC Rusal has lost a High Court leave bid after an "extremely harsh" finding that Rio Tinto was entitled to refuse alumina deliveries because of export sanctions.
A failed competition class action by Queensland electricity customers accusing utility companies Stanwell and CS Energy of misusing their market power has been appealed to the Full Court.
A competition class action against Stanwell and CS Energy has been tossed, with a judge finding the power companies' conduct was legitimate “profit maximisation behaviour”.
An appeals court has backed a decision by six Rio Tinto units to refuse delivery of alumina to Russia's largest aluminium producer because it would run afoul of sanctions imposed after Russia invaded Ukraine.
The High Court has rejected an appeal from a joint venture that provided work on Chevron's Gorgon liquified natural gas project that argued the Western Australia appeals court lacked power to uphold a ruling that set aside an arbitration ruling in a $130 million dispute over the project.
Billabong founder Gordon Merchant has lost his challenge to a decision by the ATO to increase his tax liability to $31 million, finding that he conducted a “wash sale” of his Billabong shares and engaged in dividend stripping on the sale of bio plastics manufacturer Plantic Technologies.
Russia’s largest aluminium producer UC Rusal has lost a breach of contract lawsuit brought against six Rio Tinto companies after they refused to deliver alumina under a joint venture agreement on the basis that doing so would cause them to run afoul of export sanctions imposed after Russia invaded Ukraine.
The High Court will hear a $130 million case by two contractors on Chevron's Gorgon gas field project, which argue the Western Australia Court of Appeal was outside power to uphold a ruling that set aside an arbitration win.
Texas oil giant Tri-Star has lost its bid for a referral in a dispute with natural gas exporter Australia Pacific LNG over several coal seam gas fields in Queensland and $7.6 billion in share acquisitions.