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Directors of Hancock Prospecting Pty Ltd succeed in having oppression suit referred to arbitration and court proceedings stayed

February 2020

Client(s) Rinehart, Georgina "Gina" Hope, et al.

Jones Day acts for the board of directors of Hancock Prospecting Pty Ltd in defense of proceedings in the Supreme Court of New South Wales, commenced by Ms. Bianca Rinehart in her capacity as trustee of a trust which holds a beneficial interest in the company. The multi-billion dollar dispute involves allegations of oppression of the minority and breach of directors' and trustee duties. In February 2020, the directors and the company successfully obtained orders referring the vast majority of the disputes to commercial arbitration.

Ms. Rinehart as trustee for the Hope Margaret Hancock Trust v. Rinehart & Ors Proceeding Nos. 2017/86718

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