"There remains outstanding a second legal claim served by L&M contesting a second USD $40m performance payment, which is currently progressing through arbitration. The treatment of this claim has not changed and remains disclosed as a contingent liability (refer note 23). Based on legal advice the directors continue to believe it is not likely that L&M would be successful. Additionally, it is more than likely that even if it is found that the second performance payment has been triggered – which Bathurst denies – payment could also be suspended."
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4A%2B1yRf%2Fv%2FVr87FiGug%3D
Ann: June 2021 results announcement, page-5
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