Australia, July 9 -- New South Wales Land and Environment Court issued text of the following judgement:
1 By Originating Process filed on 23 May 2025, the Plaintiff, Wiggins Island Coal Export Terminal Pty Ltd ("WICET") applies for orders under ss 411 and 1319 of the Corporations Act 2001 (Cth) ("Act") relating to a proposed creditors' scheme of arrangement and associated orders.
2. By way of background, WICET is a private company and is the operating entity within a group of companies that own and operate the Wiggins Island Coal Export Terminal ("Terminal") located in the Port of Gladstone, Queensland. The terminal is a coal export port and provides rail offloading and offshore wharf loading facilities for coal. It is industry funded in ...