Supreme Court upholds Bathursts appeal

Summary by 6ix AI

Bathurst Resources Ltd reports that the Supreme Court in New Zealand has upheld its appeal against L&M Coal Holdings Ltd, setting aside previous judgments from lower courts. The court confirmed that a performance payment had been triggered but ruled that Bathurst can defer this payment indefinitely as long as a related royalty is paid. Additionally, the court ordered that Bathurst's legal costs must be reimbursed by the appellants. This decision is seen as a vindication of Bathurst's nearly five-year defense.

Written by 6ix AI from the company’s filing. How 6ix writes summaries