Clive Palmer hires Christian Porter as he gears up to sue Australia for $300 billion

The federal government has labelled the lawsuit — the latest in the mining magnate's quest for compensation over a stalled iron ore project — a nuisance.

Clive Palmer is seeking $300 billion in damages over a stalled iron ore project through international arbitration.Assistant minister Patrick Gorman said the federal government would contest what he described as a "nuisance" lawsuit.

Mr Palmer's lawyers have filed a notice of arbitration targeting the Commonwealth under international trade law.

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