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The Full Federal Court has granted a limited appeal in the Kingdom of Spain's challenge to a judgment enforcing a $375 million arbitration award over two renewable energy investments, ordering a redrafting of the primary judge's orders but rejecting claims that Spain was immune as a foreign state from enforcement of the award.
A judge has slammed the lawyers in a $27 million trust dispute between a Chinese machinery company and law firm Clyde & Co for engaging in "inflammatory" correspondence instead of properly conferring before bringing their case to court.
A law firm with a global footprint is facing a possible breach of trust lawsuit in relation to $27 million it held as security for costs in an international arbitration.
The Kingdom of Spain is keeping up its fight against the enforcement of two arbitration awards putting it on the hook for paying two investment companies $375 million.
The Kingdom of Spain must pay $375 million after it failed in its bid to claim sovereign immunity from the enforcement of two foreign arbitration awards related to renewable energy investments.
Russells Lawyers has withdrawn a cross claim against a restructuring and insolvency solicitor who filed a lawsuit alleging the firm tried to manufacture a reason for terminating his employment.
The lead applicant in a shareholder class action against laser technology company Arasor will walk away with a fraction of the approximately $508,000 in legal and other bills it has racked up in disputes with the ATO and funder International Litigation Partners following the approval of a $19.25 million class action settlement more than two years ago.
A leading class action and insolvency litigator at Squire Patton Boggs is leaving the firm to launch a boutique outfit with plans to shake up the legal industry, including by bringing class actions on a contingency fee basis.
A last ditch effort to resolve a case brought by a restructuring and insolvency solicitor against Russells Lawyers over his dismissal has failed and the dispute will head to trial this year, more than three years after he was sacked.
Two Deutsche Bank subsidiaries have filed Federal Court proceedings against Spain seeking enforcement of a €59.6 million ($96.3 million) award for losses incurred as a result of changes in the country's renewable regulatory framework.