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Oswal proceedings settle after being referred to mediation.

The Oswal proceedings, among the largest civil litigation in the history of the Supreme Court of Victoria, concluded last week after the parties reached a settlement.

Justice Dodds-Streeton dismissed all three related proceedings on Thursday 22 September, 2016.

Following five years of protracted case management and numerous applications involving multiple parties, the trial before Justice Dodds-Streeton commenced in May 2016 in the state's largest court facility, involving an unprecedented number of barristers, legal representatives, and e-trial and live streaming facilities.

At the conclusion of the openings by all parties, Justice Dodds-Streeton referred the proceedings to Associate Justice Efthim for mediation, which resulted in settlement between the plaintiffs and a major party and set the scene for the ultimately successful negotiation between the remaining parties.

Had the proceedings not settled, a costly trial, requiring the commitment of unprecedented court resources, including dedicated associate judges, registrars and support staff, would have continued into early 2017.

Published on 26 September 2016
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