Building giant caught in asbestos row [Australia]

Author: Christian Mahne, BBC News, Published on: 1 December 2004

...a compensation fund, set up by the company [James Hardie] to look after an anticipated 15,000 victims of asbestos diseases in Australia, goes to court to ask for an administrator to be appointed...The Medical Research and Compensation foundation has US$60m of notified claims against it and only US$30m of assets...Meredith Hellicar, chair of the Dutch parent, has consistently denied the new company has any liability for the actions of its Australian subsidiary or any obligation to bail out the compensation foundation. [also refers to ANB60]

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Related companies: James Hardie