Federal MP Clive Palmer has failed in his bid to have a compensation claim against his companies thrown out of court.

Subsidiaries of Chinese government-owned company CITIC Pacific are suing Mr Palmer and his company Cosmo Developments over claims $12.167 million was misappropriated by the MP's company Mineralogy.

CITIC Pacific subsidiaries Sino Iron and Korean Steel claim money deposited in an administrative fund and intended for the day-to-day running costs of a West Australian port was redirected to Cosmo Developments ($10 million) and a Brisbane advertising firm ($2.167 million).

Justice David Jackson on Monday dismissed an application to strike out or permanently stay the Chinese companies' claim for compensation.

A trial to determine liability will now take place in the Supreme Court in Brisbane over three days, starting on November 26.

Justice Jackson said he will publish his reasons for dismissing the application later on Monday.