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Squire Patton Boggs breached agreement, but not ‘grossly negligent’, court finds
An appeals court has found law firm Squire Patton Boggs breached its contractual obligations but was not grossly negligent after it was dragged into a financial dispute over the $12.5 million refurbishment of a Western Australian gold processing plant.
Judge vacates Westpac insider trading trial despite ‘misgivings’
A judge has vacated next year's trial in ASIC's insider trading case against Westpac despite "misgivings", and has made orders regarding confidential evidence after the Australian financial watchdog argued that handing the material to the bank could damage its relationship with its Hong Kong counterpart.
S&P may ask judge to disqualify himself from class action over ratings defects
A judge who oversaw a 39-day trial in 2018 in multiple class actions against S&P Global may be asked by the ratings agency to step down from hearing another class action alleging systemic defects in its ratings systems.
Judge finds Spain not immune from enforcement of $375M arbitration awards
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.
Judge criticises lawyers’ ‘inflammatory’ correspondence in $27M trust dispute
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.
Global law firm may face breach of trust claim over $27M award
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.
Spain appeals $375M ruling in arbitration spat over energy investments
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.
Spain ordered to pay $375M in arbitration dispute
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 drops cross claim against axed solicitor
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.
Court rejects lead applicant’s $508k bill in $19.25M Arasor class action settlement
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.