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Mineralogy can’t take royalties dispute with Adani to court
Clive Palmer’s mining company Mineralogy has lost a bid to stay an expert determination process in a royalties dispute with Adani, with a judge ruling that the court should not “lightly disregard” decisions to resolve disputes by expert determination rather than court-based litigation.
SMBC sues Humm for $34M in worthless receivables linked to Forum Finance
Japanese bank SMBC has brought a $33.6M lawsuit against fintech Humm Group after its subsidiary Flexirent allegedly misled the bank about receivables under allegedly forged contracts between a Forum Group entity and Veolia Environmental Services.
Epoch Capital accuses analyst of taking confidential info
Trading firm Epoch Capital has brought proceedings against a quantitative analyst who allegedly downloaded confidential information from the firm’s computers.
Seven files ‘urgent’ lawsuit over Commonwealth Games software
Broadcaster Seven has filed court proceedings against a production firm it partners with to broadcast the Olympic Games for allegedly refusing to hand over software it needs for the upcoming Commonwealth Games.
Investment manager for Kahlbetzer family sacked after pregnancy announcement: lawsuit
An investment consultant at Kahlbetzer family investment vehicle Twynam Investments has filed a lawsuit alleging she was sacked over the phone a month after telling the company she was planning for a baby.
Photo of signed contract suffices, judge finds in $7M win for Japan’s Mitsui
A judge has found that a partly obscured photo showing a signature was enough to render a contract enforceable, in a multi-million dollar contract fight between Mitsui & Co and a Victorian steel mill operator.
Seven takes Cricket Australia to court to quash broadcast agreement
Channel Seven has asked the Federal Court to terminate a Test cricket and Big Bash League broadcast agreement with Cricket Australia due to alleged contract breaches.
Litigation funder wins transfer bid in fight with class action applicant
A litigation funder facing a lawsuit by the lead applicant in a settled class action it financed has won its bid to transfer the case to the Federal Court, where the class action was heard, after a judge said it was the “natural forum” for the dispute.
Nuix ex-CEO not entitled to ‘special treatment’, trial judge told
The former boss of embattled tech company Nuix is asking for “special treatment” by arguing he is owed $183 million in options under a 2008 agreement, a judge has heard on the first day of trial in the ex-CEO's case.
Merricks Capital secures undertakings from defecting employees
Melbourne-based hard assets investment manager Merricks Capital has won undertakings from its ex-managing director and two former employees who defected to an investment boutique run by financial commentator Peter Switzer and his son Marty.