Craig Wright Ordered to Pay Peter McCormack’s Legal Fees, Faces Contempt Inquiry

• A judgment in Peter McCormack’s current case against Craig Wright concluded that Wright must pay the court fees of McCormack on an indemnity basis.
• The conclusion of the trial also sets up an inquiry into Wright for contempt of court, as he had shared details of the judgment prior to an embargo date.
• McCormack is also being directed to pay approximately $1.1 million (900,000 British pounds) in legal costs, subject to evaluation by a cost judge.

The legal battle between Peter McCormack and Craig Wright has come to a conclusion, with a court ruling that Wright must pay the court fees of McCormack on an indemnity basis. This follows multiple court cases between the two, including a defamation case in 2019 in which Wright sued McCormack for calling him a “liar” and “fraud” and was awarded only 1 British pound in nominal damages after the court pointed out that Wright submitted false evidence.

The current ruling has also set up an inquiry into Wright for contempt of court, as he had apparently breached an embargo on a draft judgment, sharing details of the judgment prior to the embargo date in the MetaNet Slack. Justice Chamberlain of the Royal Courts of Justice has written a summons requiring Wright to attend a directions hearing before a judge nominated by the Judge in Charge of the Media and Communications List, who will give directions for the conduct of contempt proceedings in respect of the breach of the embargo.

In addition to this, McCormack is being directed to pay approximately $1.1 million (900,000 British pounds) in legal costs, subject to evaluation by a cost judge. McCormack has stated on Twitter that “The stress of the last four years can’t be understated, it has had a significant impact upon me and my family.”

The legal battle between McCormack and Wright has been ongoing since 2019, with both parties having their legal victories and defeats. The latest ruling, however, marks a significant turning point in the case, with Wright facing the possibility of contempt proceedings and McCormack being directed to pay a significant sum in legal costs. It remains to be seen how the inquiry into Wright will proceed and how McCormack will be able to pay the legal costs imposed on him.