AWB v ASIC settled

AWB Ltd v Australian Securities & Investments Commission, which was set to be argued this month, has settled. Don't get too excited, its only the disclosure argument which is periferal to the principal litigation agianst the AWB directors. The grant of special leave can be found at [2009] HCATrans 331. There were a few interesting issues regarding privilege and the ability for an appellate court to decide an appeal on grounds which were not the subject of argument. Those matters will have to wait for another day.