MANAGEMENT

WICET seeks High Court appeal against New Hope subsidiary decision

WIGGINS Island Coal Export Terminal is seeking leave to appeal to the High Court a judgement by the New South Wales Court of Appeal that determined New Hope Coal did not have to guarantee the debts of two of its subsidiaries – Northern Energy Corporation and Colton Coal.

WICET seeks High Court appeal against New Hope subsidiary decision

WICET claimed it had unsecured claims against Northern Energy Corporation of $3.6 million and against Colton Coal of $128.7 million. The terminal had initially filed an appeal with the Court of Appeal...

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