March 23, 2011, 5:13 am
By Kate Emery, The West Australian
Australia's richest woman Gina Rinehart faces the prospect of having to hand over a 25 per cent stake in the Rhodes Ridge iron ore deposit within a month of her appeals over a 10-year legal battle being officially exhausted.
A year after the Supreme Court ruled that the children of Lang Hancock's late business partner Peter Wright were entitled to wrest the stake from Ms Rinehart - Mr Hancock's daughter - the court's final orders were delivered yesterday.
Although the outcome of the appeals process is not yet known, if Ms Rinehart is unsuccessful she will have 28 days to transfer the stake.
Ms Rinehart is expected to take the fight to the High Court if she is unsuccessful in the Court of Appeal.
A year after the Supreme Court ruled that the children of Lang Hancock's late business partner Peter Wright were entitled to wrest the stake from Ms Rinehart - Mr Hancock's daughter - the court's final orders were delivered yesterday.
Although the outcome of the appeals process is not yet known, if Ms Rinehart is unsuccessful she will have 28 days to transfer the stake.
Ms Rinehart is expected to take the fight to the High Court if she is unsuccessful in the Court of Appeal.
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