Mammoth Oswal/ANZ case costing millions
THE OSWALS' COSTLY LEGAL BATTLE WITH THE ANZ
WHO ARE THE OSWALS?
* Indian couple Pankaj and Radhika Oswal, lived in Perth, now in Dubai
* Established Burrup companies to build and operate ammonia plant in WA
WHAT IS THE COURT CASE OVER?
* What happened to Burrup fertiliser business before and after ANZ appointed receivers in December 2010
* Oswals want up to $2.5b, saying their 65 pct of parent company Burrup Holdings was undervalued when sold for $US560m in January 2012
* Yara Pilbara Fertilisers claims Pankaj Oswal misappropriated $150m of company's money
HOW MUCH IS IT COSTING?
* $65m - what the Oswals say they've spent on legal proceedings over past five years
* $38m - what court documents show the Oswals incurred in costs by February 2016
* $17m - ANZ and receivers legal costs by mid-2014
* $6.3m - what Oswals had to give in security to cover other parties' costs in case they lose
* About 40 lawyers in court on peak days
* Nine QCs/SCs
* Costs set before earlier court hearing:
- $8200 per day - senior counsel
- $2700 to $5150 per day - junior counsel
- $350 to $US800 an hour - expert witness fees
* $5.7m - ANZ/receivers' solicitors' bill for November 2014 to late February 2016
HOW LONG WILL IT LAST?
* Six months
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