• About
  • Advertise
  • Careers
  • Contact
Sunday, January 29, 2023
  • Login
No Result
View All Result
NEWSLETTER
givNews
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    During the cyberattack on Optus, the information of nearly 10 million Australians was stolen.

    Driver’s license numbers were stolen in the Optus hack will have to get new ones

    A woman was seriously hurt in an accident, so Victoria Police and WorkSafe are still looking into what happened.

    Rebel roller coaster royal melbourne show accident, Shylah Rodden hit crash

    Optus says that neither its home internet nor its mobile internet have been affected.

    Telstra amaysim optus data breach 2022 hacked today, what to do cyber security

    Scotus credit card numbers leaked doxed hacked, supreme court gen z leak reddit

    Scotus credit card numbers leaked doxed hacked, supreme court gen z leak reddit

    In 2013, Dr. Paolo Macchiarini was at Stockholm's Karolinska Institute. Two years earlier, when he made and put in place the world's first "bioartificial" windpipe, he sent shock waves through the medical world.

    Dr. Paolo Macchiarini creating abioartificial windpipe, 3-D printed organ

    Two of the people who started the #AppleToo movement have had a very bad fight, and it's very bad.

    Apple employees Cher Scarlett and Ashley Gjøvik campaign #AppleToo

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Harvey Weinstein

    Harvey Weinstein movie about him, who did assault lisa bloom & gwyneth paltrow

    Two weeks ago, Willie McGinest was detained in Los Angeles on suspicion of assault.

    Willie McGinest fight arrest tmz news, mcginnis nfl network video twitter

    luka modric

    How old is luka modric, height age stats club wife salary net worth

    At the cricket, Candice Warner has had to deal with bullies.

    Candice Warner revealed target vile abuse from unruly fans at Adelaide Oval

    After what happened at his Christmas party, Susie Burrell, a dietitian in Sydney, is said to have left Chris Smith this week.

    Chris Smith wife susie burrel 2gb radio sky latest news, age twin stood down

    Peter Helliar

    Peter Helliar leaves the project quits news, pete hellyer net worth

    The Project's Lisa Wilkinson has revealed that she will be leaving the team.

    Why is lisa wilkinson leaving the project, logies speech transcript

    Martial has been named as a possible contender to replace the Real Madrid star

    Who will replace Karim Benzema : Anthony Martial Martin Terrier or Wissam Ben Yedder

    Zar Amir Ebrahimi said, "Sometimes I think, for an actress, I'm glad to have this much pain in my life. I put everything into the movie, my whole life."

    Zar Amir Ebrahimi Iran intimate tape leaked, holy spider prey for the devil

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    seaworld helicopter crash

    vanessa tadros killed victims in seaworld helicopter crash video liveleak

    One person was killed and a Ferrari was smashed in half after a three-car collision in California.

    Robert Nicoletti ferrari crash on Santiago Canyon Road California

    dj stephen twitch boss

    Is twitch really dead 2022 what happened, dj stephen boss cause of death

    After a woman's death from Legionnaire's disease, health officials in NSW are warning gardeners to protect their hands.

    Sydney woman died from legionnaires disease by potting mix, longbeachae bacteria

    Vicky Phelan was told she had cancer in 2014, three years after the first tests showed it wasn't there.

    Vicky Phelan cervical cancer scandal, false negative results screening

    There are FDNY ambulances in front of the ER at Queens Hospital Center.

    Infants and toddlers in emergency rooms, respiratory syncytial virus or rsv

    Her parents are very worried and want to know where she is.

    Chloe Campbell boulder co colorado girl missing, Instagram photo found

    There is chaos at Melbourne Airport because of a security breach.

    Adelaide airport security breach evacuation delays, melbourne chaos

    Foot-and-mouth disease is caused by a virus that spreads easily and has bad effects on animal health and trade.

    Bali foot and mouth fmd disease outbreak, flights cancelled travel warnings today

    The top five MasterChefs Julie Goodwin, Daniel Lamble, Billie Mckay, Sarah Todd and Keyma Vasquez Montero.

    What happened to julie Goodwin, alcohol cooking school classes central coast

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    During the cyberattack on Optus, the information of nearly 10 million Australians was stolen.

    Driver’s license numbers were stolen in the Optus hack will have to get new ones

    A woman was seriously hurt in an accident, so Victoria Police and WorkSafe are still looking into what happened.

    Rebel roller coaster royal melbourne show accident, Shylah Rodden hit crash

    Optus says that neither its home internet nor its mobile internet have been affected.

    Telstra amaysim optus data breach 2022 hacked today, what to do cyber security

    Scotus credit card numbers leaked doxed hacked, supreme court gen z leak reddit

    Scotus credit card numbers leaked doxed hacked, supreme court gen z leak reddit

    In 2013, Dr. Paolo Macchiarini was at Stockholm's Karolinska Institute. Two years earlier, when he made and put in place the world's first "bioartificial" windpipe, he sent shock waves through the medical world.

    Dr. Paolo Macchiarini creating abioartificial windpipe, 3-D printed organ

    Two of the people who started the #AppleToo movement have had a very bad fight, and it's very bad.

    Apple employees Cher Scarlett and Ashley Gjøvik campaign #AppleToo

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Harvey Weinstein

    Harvey Weinstein movie about him, who did assault lisa bloom & gwyneth paltrow

    Two weeks ago, Willie McGinest was detained in Los Angeles on suspicion of assault.

    Willie McGinest fight arrest tmz news, mcginnis nfl network video twitter

    luka modric

    How old is luka modric, height age stats club wife salary net worth

    At the cricket, Candice Warner has had to deal with bullies.

    Candice Warner revealed target vile abuse from unruly fans at Adelaide Oval

    After what happened at his Christmas party, Susie Burrell, a dietitian in Sydney, is said to have left Chris Smith this week.

    Chris Smith wife susie burrel 2gb radio sky latest news, age twin stood down

    Peter Helliar

    Peter Helliar leaves the project quits news, pete hellyer net worth

    The Project's Lisa Wilkinson has revealed that she will be leaving the team.

    Why is lisa wilkinson leaving the project, logies speech transcript

    Martial has been named as a possible contender to replace the Real Madrid star

    Who will replace Karim Benzema : Anthony Martial Martin Terrier or Wissam Ben Yedder

    Zar Amir Ebrahimi said, "Sometimes I think, for an actress, I'm glad to have this much pain in my life. I put everything into the movie, my whole life."

    Zar Amir Ebrahimi Iran intimate tape leaked, holy spider prey for the devil

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    seaworld helicopter crash

    vanessa tadros killed victims in seaworld helicopter crash video liveleak

    One person was killed and a Ferrari was smashed in half after a three-car collision in California.

    Robert Nicoletti ferrari crash on Santiago Canyon Road California

    dj stephen twitch boss

    Is twitch really dead 2022 what happened, dj stephen boss cause of death

    After a woman's death from Legionnaire's disease, health officials in NSW are warning gardeners to protect their hands.

    Sydney woman died from legionnaires disease by potting mix, longbeachae bacteria

    Vicky Phelan was told she had cancer in 2014, three years after the first tests showed it wasn't there.

    Vicky Phelan cervical cancer scandal, false negative results screening

    There are FDNY ambulances in front of the ER at Queens Hospital Center.

    Infants and toddlers in emergency rooms, respiratory syncytial virus or rsv

    Her parents are very worried and want to know where she is.

    Chloe Campbell boulder co colorado girl missing, Instagram photo found

    There is chaos at Melbourne Airport because of a security breach.

    Adelaide airport security breach evacuation delays, melbourne chaos

    Foot-and-mouth disease is caused by a virus that spreads easily and has bad effects on animal health and trade.

    Bali foot and mouth fmd disease outbreak, flights cancelled travel warnings today

    The top five MasterChefs Julie Goodwin, Daniel Lamble, Billie Mckay, Sarah Todd and Keyma Vasquez Montero.

    What happened to julie Goodwin, alcohol cooking school classes central coast

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
givNews
No Result
View All Result
Home Business

Clive Palmer repay $100 million Nickel loan, mensink net worth 2021

June 26, 2021
in Business
Clive Palmer has been ordered by an appeals court to repay Queensland Nickel more than $102 million.

Clive Palmer has been ordered by an appeals court to repay Queensland Nickel more than $102 million.

61
SHARES
2k
VIEWS
Share on FacebookShare on Twitter
Clive Palmer, the billionaire mining magnate, will repay a $100 million Queensland Nickel loan.

Clive Palmer, the mining magnate, has been ordered to repay more than $100 million in damages related to the collapse of Queensland Nickel, following a decision by the Queensland Court of Appeal.

Liquidators for Queensland Nickel creditors have won an appeal to recover a multimillion-dollar loan made by the failed north Queensland refinery to Palmer-owned parent company Mineralogy.

The court determined that billionaire Clive Palmer authorized the loan personally, signing legal documents as both lender and borrower.

When staff inquired about Mineralogy’s total debt, Palmer responded via an alias email account: “No limit continue clive.”

The Queensland Court of Appeal’s decision on Friday is the latest chapter in the ongoing legal battle between Palmer and the government-appointed liquidators of QNI.

It comes on the heels of a massive 2020 Supreme Court civil trial into QNI’s 2016 collapse, which resulted in the loss of 800 jobs.

Palmer reached an agreement to settle the majority of the initial $200 million lawsuit, including agreeing to repay $66 million in taxpayer funds spent on sacked worker benefits.

The approximately $130 million in transactions also resulted in the complete recovery of the majority of debts owed to unsecured creditors and the settlement of a $88 million Aurizon claim for approximately $18 million.

This left $102 million on the table, which the liquidators contended was due for a series of unpaid loans made by QNI to Mineralogy.

Reversing the situation.

The initial claim for repayment of the loans was dismissed in June last year in Queensland’s Supreme Court, with Justice Deborah Mullins ruling that the transactions were made by QNI’s joint venture companies to Mineralogy, not by QNI.

Palmer, jubilant at the time, declared the Mineralogy decision a victory over “evil.”

“This judgment reaffirms my faith in the Queensland judicial system,” Palmer stated.

“The fabrications leveled against me are unprecedented in the annals of Australian history. I took a stand to prevent evil from triumphing.”

However, the Court of Appeal reversed the decision, finding that the judge erred in ordering Mineralogy and CEO Clive Palmer to repay the failed company more than $102 million.

“The appellant has established that the judgment should be reversed and Mineralogy ordered to repay the loans to QNI,” the court concluded.

“The loans were made by QNI in its capacity as trustee, and QNI is entitled to repayment.”

The outstanding interest on the $100 million loan and the costs associated with the court action have not been resolved.

Palmer’s representative has been contacted for comment on his recent change of fortune.

Tags: Australia

Recommended

The NFL players' union is discouraging participants from joining in-person OTAs

The NFL players’ union is discouraging participants from joining in-person OTAs

2 years ago
In the run-up to a massive anti-government protest, more than a thousand students have been poisoned.

Kharazmi and Ark universities students protest, severe body aches and hallucinations

2 months ago

Popular News

  • The 19-year-old Louisiana State University student Madison Brooks was killed by a car after allegedly being raped. Before the attack, she worked at the bar where she drank.

    Madison Brooks killed and raped suspect Casen Carver, Kaivon Washington and Everett Lee

    60 shares
    Share 24 Tweet 15
  • Katie Price of onlyfans leaked reddit, only fans photos pics video ig twitter

    60 shares
    Share 24 Tweet 15
  • Michaela Fialova onlyfans, Czech Republic sexy hunter animal slaying

    66 shares
    Share 26 Tweet 17
  • Hillsong bible college staff, Jason John Mays assault Anna Crenshaw

    87 shares
    Share 35 Tweet 22
  • Karla Ramirez 21 aka karlaramirezz1 onlyfans, instagram tiktok video

    96 shares
    Share 38 Tweet 24

Newsletter

GivNews is always updates the latest articles on health, technology, business and politics.

Category

  • Business
  • Crime
  • Entertainment
  • Fashion
  • food
  • Gaming
  • Health
  • Lifestyle
  • Movie
  • Music
  • Politics
  • Science
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

About Us

GivNews is an online magazine with the latest issues, ranging from political, economic, business to entertainment issues. We only raise shortlisted with in-depth reviews.

  • About
  • Advertise
  • Careers
  • Contact

GivNews @ 2021

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • Crime
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

GivNews @ 2021

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version