New Hope Corporation Limited (ASX:NHC), on 12 June 2020 announced that the High Court of Australia dismissed (with costs) the requests for special leave to appeal by Wiggins Island Coal Export Terminal Pty Ltd & by Northern Energy Corporation Limited (in insolvency) (NEC) and Colton Coal Pty Ltd (in insolvency) related to the NSW Court of Appeal decision.
This leaves in place the determinations of the Supreme Court & Court of Appeal in NSW that NHC has not assured the debts of NEC & Colton Coal as per the Company’s Act of Cross Guarantee.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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