1 year ago
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Exclusive: Palmer’s Zeph Investments could receive compensation if successful in second and potential third dispute beyond existing $296bn case
Clive Palmer’s company Zeph Investments has given notice it intends to sue Australia in a fresh case in addition to the existing $296bn investor-state claim, with a potential third claim in the works.
The two new prospective investor-state claims are revealed in budget papers, released on Tuesday, as contingent liabilities that could cost the budget bottom line.
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