On Friday, 17 March 2017 Trilogy Funds Management Limited was successful in obtaining orders from the Supreme Court of Queensland dismissing all claims brought by King Tide Pty Ltd and Arawak Pty Ltd.
Justice Lyons ordered that the proceedings be dismissed with each party to bear its own costs. These orders dismissing the claims were made following King Tide and Arawak’s failure to lodge security for costs, which had previously been ordered by the Supreme Court of Queensland in early 2016.
The final dismissal of these claims now brings to an end this litigation in the Supreme Court of Queensland.
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