Spain has foreshadowed a fresh High Court challenge claiming it is immune from proceedings brought by a renewable energy company and a Deutsche Bank subsidiary to enforce arbitration awards totalling $166.7 million related to changes to its renewable energy policies.
Treasury has referred the tax policy leak scandal engulfing PricewaterhouseCoopers to federal police for possible criminal investigation.
A judge from the Supreme Court of Victoria has been selected to lead the successor to the troubled Administrative Appeals Tribunal, which will be abolished following allegations the former government appointed political allies with no expertise.
Class action firms and funders will set their sights on claims related to environmental, social and governance investing, says Clayton Utz’s new litigation partner Matthew Spain, but whether the game is worth the candle remains to be seen.
Mining engineering company Destec has won its bid to use evidence produced in a dispute with Mineral Resources in considering whether to bring a new case against its former director over a lucrative transportation system.
Appeals and cross-appeals are flying over a judge’s finding that engineering services firm CIMIC Group can pursue insurance claims for costs arising from allegations it engaged in corrupt practices, including a $32 million class action settlement.
The High Court has declined to hear an appeal by Clive Palmer’s Queensland Nickel refinery over a decision ordering it pay $26.6 million for natural gas charges.
Online trading company CMC Markets has succeeded in accessing advice given to class action members who are seeking to recover 10 years’ worth of “significant” losses incurred while trading risky financial products on its mobile and web-based platforms.
Dentons has welcomed former barrister and NSW Industrial Relations commissioner Jane Seymour to its dispute resolution team in Sydney.
As the spotlight on class action costs grows, litigation funders can expect increased judicial scrutiny of their attempts to pass on the cost of after-the-event insurance premiums to class action members.
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