Former Young Rich Lister Tolga Kumova has admitted to publishing an inaccurate tweet about the value of a mineral resource owned by a zinc producer of which he was a director, agreeing at trial in his defamation case that he was off by $4.8 billion.
The Australian Conservation Foundation has brought proceedings against oil and gas producer Woodside Energy, arguing its Scarborough gas project in Western Australia cannot go ahead until its climate impacts are assessed.
The High Court has declined to review an appeals court decision that overturned a $106 million judgment against a unit of Indian conglomerate Adani Group over access charges for its Abbot Point coal terminal.
In a significant victory for litigation funders, the Full Federal Court has found that funded class actions are not managed investment schemes subject to regulatory oversight, gutting the legal basis for reforms enacted by the Morrison government in 2020.
Two years after an insurance dispute scuttled a proposed settlement, group members in two class actions against sandalwood producer Quintis are set to receive $4.7 million in a settlement with the defunct company.
The former director of Queensland Nickel and nephew of mining magnate Clive Palmer has lost another bid to dodge contempt proceedings brought by the collapsed company’s liquidators.
NSW man Benjamin Cooper has pleaded guilty to manipulating the share price of Nova Minerals in a conspiracy that involved the gold ore mining company’s former CEO.
Tiwi Islanders have filed a Federal Court challenge to the Barossa offshore gas project, alleging they were not properly consulted about the project, which they say would harm their culture and way of life.
Gilbert + Tobin has wooed a corporate partner from Squire Patton Boggs with significant experience advising on transactions involving heavy hitters in the natural resources sector, including working on a US$15.2 billion rights issue by Rio Tinto.
Russian sanctions imposed by former Foreign Affairs Marise Payne have thrown a spanner in the works for an Australia-based international joint venture between the world’s biggest aluminium companies.