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Online trading platform Plus500 is challenging a court ruling that investors who lost money on highly leveraged contracts for difference can proceed with their class action despite signing arbitration clauses.
Japanese bank SMBC, which was duped by fraudster Bill Papas to enter into agreements with a Humm subsidiary for assets and receivables that didn't exist, has won the right to call in warranties on its $113.7 million investment.
Plus500 has lost its bid to permanently stay a class action by investors who lost money trading in highly leveraged financial products, with a court finding that the arbitration clause relied on by the online trader was unfair and void.
Collapsed supply chain finance company Greensill Bank can't access a copy of a Tokio Marine unit's database, with a judge finding the copy was created for the primary purpose of HWL Ebsworth providing legal advice.
Construction PRO
A community group has lost a legal challenge to a 50-60 km underground pipeline that will connect Santos’ $3.6 billion Narrabri gas project to the Hunter gas pipeline.
Construction PRO
Canberra developer Geocon has won a Full Court appeal over the GST payable on $115 million in sales from a 360-unit development, with the case sent back to a tribunal for final determination.
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.
Online trader Plus500 is seeking to stay a class action on behalf of investors who lost money trading in highly leveraged financial products, telling a court the applicant signed an agreement forcing the dispute into arbitration.
In a blow for the plaintiffs in a long-running class action over the government's live exports ban, a judge has found that no additional cattle would have been exported to Indonesia in 2012 and 2013 if the ban had not been in place.