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The former directors of Starcom have lost their bid to stay proceedings brought by the company's liquidator alleging they knew the IT solutions provider was insolvent almost two years before it was wound up.
The Australian Securities and Investments Commission claims Rio Tinto's former CFO was referring to the write down for the reserves for two coal assets that were part of a $4 billion acquisition of Rio Tinto Coal Mozambique when he sent an email to the company CEO in January 2012 that contained the phrase "worse by far than expected".
Australian petrol retailer United Petroleum has lost a bid to disqualify a judge from a final hearing on costs in its unsuccessful battle against law firm Herbert Smith Freehills over a failed initial public offering.
Viterra has been hit with costs for persisting with a special leave application to the High Court seeking to compel Cargill to turn over emails exchanged with its lawyers at Allens during the sale of its Joe White Maltings business, even after Cargill agreed to waive privilege and produced the documents.
A company director who was on the losing end of a precedent-setting legal privilege ruling, along with law firm Macpherson Kelley, has lost a bid to halt the start of a trial over a failed joint venture while she searches for funding for new lawyers.
Herbert Smith Freehills has won a ruling that puts United Petroleum on the hook for the costs -- on an indemnity basis -- of the law firm's defence against a case that was, according to a judge Tuesday, "devoid of merit".
A director of an energy company who was kicked off the board of directors for missing too many meetings has lost a Federal Court challenge to his dismissal.
A judge in the high-stakes trial over the $420 million sale of Viterra's Joe White malt business to Cargill has denied Cargill's request to have settlement talks admitted as evidence, shooting down the agricultural giant's argument that the talks were needed to challenge Glencore in-house counsel's assertion that he is of good character and will not breach a confidentiality agreement.
In-house counsel at Glencore has been granted access to "highly confidential" documents related to the possible sale by Cargill of its Joe White malt business so that he can mull a settlement offer.
A judge has granted Cargill Australia's request to call a King & Wood Mallesons solicitor that represented Viterra as a witness in the epic trial over the $420 million sale of Viterra's Joe White business to Cargill in 2013.