Justice Karin Emerton

Two investors in failed Great Southern Group managed investment schemes have lost their latest appeal over a controversial class action settlement deed that allowed Bendigo and Adelaide Bank to enforce loans issued to fund their investments. But a third borrower, who denied he was a member of the class action, has been given the greenlight to defend the bank’s recovery proceedings.

An appeals court has thrown out the Democratic Republic of East Timor’s second bid to stay a case brought against it by Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply contract.