Australia, June 3 -- New South Wales Land and Environment Court issued text of the following judgement on May 5:
1. The background to this matter is set out in my judgment of 15 October 2024. [1] I shall use the same abbreviations here.
2. I then declined to lift my 14 December 2023 stay of my 20 November 2023 $37 million judgment in favour of Gosford against the Bank. [2]
3. I did so pending consideration by the Chinese Court of the Bank's application to that Court to dissolve its Civil Ruling that currently restrains the Bank from making payment under the Letter of Credit that is the subject of my 20 November 2023 judgment.
4. I took this course for reasons of comity between this Court and the Chinese Court as, on 15 October 2024, the...