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Family of Australian killed aboard Malaysia Airlines flight shut out of class action settlement
The family of an Australian national who was killed aboard Malaysia Airlines flight MH17 is not eligible to participate in a recent class action settlement, a judge has ruled.
Samsung challenges $138M arbitration award in Roy Hill mine dispute
South Korea's Samsung C&T Corporation has launched two bids in Singapore to set aside a US$94 million (AU$138 million) award relating to its dispute with Spanish energy company Duro Felguera over the Pilbara-based Roy Hill iron ore mine.
Judge won’t join insurer to Reed Construction liquidator’s insolvent trading case
A judge has refused to join the insurer of collapsed Sydney builder Reed Constructions to insolvent trading proceedings brought by the company's liquidators, after finding it was unreasonable to expect the insurance company to irrevocably confirm coverage.
Spanish energy co sues to enforce $139M arbitration award over Roy Hill mine
Spanish oil and gas company Duro Felguera has filed Federal Court proceedings to enforce a $139 million arbitration award related to the Pilbara-based Roy Hill mine, which is majority owned by Gina Rinehart's Hancock Prospecting.
ASIC ‘plucking numbers out of the air’ in penalty hearing for Vocation execs, court told
Lawyers for former Vocation CEO Mark Hutchinson say the corporate regulator is “plucking numbers out of the air” in its bid to secure disqualifications of up to eight years against the former executives who breached their directors’ duties in relation to the collapsed education provider.
Forge reaches multimillion dollar settlement in shareholder class action
Collapsed engineering and construction company Forge Group has agreed to settle a shareholder class action over alleged continuous disclosure breaches, which will see the funder pocket about $7.5 million.
Judge dismisses ‘puzzling’ bid to boot FW Projects liquidators
Two construction companies have lost what a court has called a "puzzling" bid to oust the liquidators of collapsed FW Projects amidst a legal battle in the NSW Supreme Court over the property developer's remaining assets.
Malaysia Airlines settles class action by Australian MH17 families
Malaysia Airlines has reached a settlement with five Australian families whose loved ones were killed when flight MH17 was shot down over eastern Ukraine by a Russian missile five years ago.
AIG loses appeal over insolvency exclusion in Kaboko Mining D&O policy
AIG Australia has failed to convince the Full Federal Court that an insolvency exclusion in a directors and officers policy held by Kaboko Mining should exempt it from covering claims brought by the collapsed mining company against four former executives after a failure to repay a US$5.95 million loan allegedly led to the company's insolvency.
Piper Alderman partner rejected offer to leave on a ‘dignified basis’, court told
A senior Piper Alderman partner who has launched a sex discrimination case against the law firm rejected “reasonable settlement offers” that would have allowed her to leave the partnership on a “dignified basis”, counsel for the firm has told a court.