Contracts

A subsidiary of civil construction company Ian Harrington Group wants to revise its defence to a $3.6 million case by Sibayne Stillwater’s Copper Mines of Tasmania, arguing it has no obligation to rehabilitate a quarry at the shuttered Mt Lyell mine.

A judge has refused Wollongong Coal’s bid for indemnity costs after it successfully defended a case by Singaporean commodities trader UIL, with a judge finding that refusing a $400,000 settlement offer in the $350 million case was not unreasonable. 

Macquarie International Health Clinic has lost the latest chapter in its decades long battle over the proposed development of a private hospital within the precincts of Sydney's Royal Prince Alfred Hospital.

The company that paid $60 million for bankrupt Jon Adgemis' Noah's Backpackers hotel in Bondi Beach has been ordered to cough up $6 million in GST refunds to a Singapore special purpose vehicle that arranged a loan for the purchase.

A judge has awarded investment firm Merricks Capital $46 million in its lawsuit against tech entrepreneur Peter Crown and his wife over a loan to purchase land in the Southern Highlands.

Agribusiness investment firm Packhorse Pastoral has lost an appeal bid in a row with placement agent Burgoyne Capital, after its $120 million portfolio of cattle stations was put up for sale following the death of a co-founder.

FX Group Holdings has partly succeeded in its appeal of a finding that it owes private equity firm CPE Capital $96.89 million in a dispute over a profit-sharing agreement tied to the sale of CPE’s stake in trading platform Pepperstone.

Trading platform Plus500 has taken its challenge to an investor class action to the High Court, after an appeals court upheld a finding that an arbitration clause in its terms and conditions was unfair.

A judge has ordered a Mills Oakley partner to pay his former law firm over $300,000 after finding he had overdrawn his share of the partnership income.

Insurance underwriter Tokio Marine has denied misleading US investment firm White Oak by staying silent on alleged issues with an IAG policy keeping Greensill's supply chain financing business operating.