New Hope has $132M reprieve after court case

NEW Hope Coal has escaped a $132 million liability after the Supreme Court of New South Wales found the company did not guarantee the debts of its subsidiaries Northern Energy Corporation and Colton Coal under a Deed of Cross Guarantee Agreement.

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New Hope has $132M reprieve after court case  New Hope has $132M reprieve after court case  New Hope has $132M reprieve after court case  New Hope has $132M reprieve after court case  New Hope has $132M reprieve after court case

Justice James Stevenson said in his decision that on the proper construction of the deed, New Hope had not guaranteed the obligations of the subsidiaries.