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Tag Archives: compensation

Mike Baird, not Turnbull, should clean up Barry O’Farrell’s mess

by: Chris Merritt, Legal Affairs Editor,  The Australian, November 13, 2015. Sooner of later, Malcolm Turnbull will inherit the mess that was left unresolved when Barry O’Farrell became the second NSW premier whose departure from politics was caused by ICAC. O’Farrell’s parting gift was a potential trade dispute with the ...

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Mike Baird should right Barry O’Farrell’s wrong

Eventually, NSW Premier Mike Baird will realise the time has come to cut adrift his predecessor, Barry O’Farrell, and make amends for abandoning due process and respect for property rights. O’Farrell is out of politics, but the impact of his greatest blunder — expropriating US assets — has tainted the ...

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US investor warns of sovereign risk after NuCoal loss

An American institutional investor has warned that it is unlikely to ever again invest in Australia because the NSW government expropriated its assets and has refused to pay compensation. Boston-based Sparta Group, which manages a global investment portfolio, is one of a group of US shareholders in Australian company NuCoal ...

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NuCoal Innocent says ICAC, But Still No Compensation

With a determination handed down by Justice Stephen Rothman only last week, the Court found that ICAC acted in accordance with its common law duties, however, it also made statements that bring into question Parliament’s actions in cancelling NuCoal’s exploration license with NO compensation. The Court made clear statements about ...

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