A GFG subsidiary has lost its cross-claim in a battle with OneSteel’s administrators over infrastructure assets at South Australia’s Whyalla port, which is used to export the state’s iron ore.
GFG unit Whyalla Ports has won its bid to rub out some expert evidence put forward by OneSteel about the costs of dismantling and removing assets from the site in their dispute over control of the assets at the South Australian port.
The administrators of the company claiming to own the Whyalla Port have more time until a second creditors meeting to investigate a proposed DOCA as well as a $1.3 billion proof of debt served by Whyalla steelworks operator OneSteel.
Two Shaw & Partners advisers who won $580,000 in penalties and compensation against former employer Fortrend Securities face fresh litigation seeking to quash their demands for payment.
With three months until trial, a judge has knocked back a former ANZ trader’s bid to appeal a decision which barred him from amending his case for what would have been the thirteenth time.
Fortrend Securites is challenging a judge’s ruling that it owes $580,000 in penalties and compensation for withholding the bonuses of two departing advisors, its second appeal in their bitter dispute.
Former Victorian Liberal party leader John Pesutto has been ordered to pay $2.3 million in costs in MP Moira Deeming’s defamation suit over statements found to have conveyed that she had links to neo-Nazis.
The South Australian government has flagged new legislation to clarify ownership of the Whyalla Port following legal action to wrest control of the port from Sanjeev Gupta’s GFG Alliance.
The Full Court has granted a cross-appeal by crypto currency provider Block Earner, finding its did not need a financial services licence because its crypto product is not a financial product.
Electricity provider Rimfire Energy has prevailed in a fight with the builders of two power plants in the Northern Territory, winning $1.4 million in damages for a four-year delay in reaching target operating dates.