Australia, June 30 -- New South Wales Land and Environment Court issued text of the following judgement on May 29:
1. HER HONOUR: An issue has arisen in relation to the waiver of privilege, on the third day of a three-week trial. Imprecision in the precise details of the parties, facts and issues should be politely overlooked in this ex tempore judgment.
Nature of the proceedings
2. Put shortly, Fiona Lock worked for a group of companies, which I will refer to as "CHAMP". These companies had a number of investments, including a majority stake in a foreign exchange (FX) trading platform called "Pepperstone". Ms Lock was interested in buying the Pepperstone investment from CHAMP. She negotiated a deal. This included vendor finance of some ...