Daniel Krochmalik

Three Keybridge directors breached their duties when they approved a $4.75 million bonus for CEO Nicholas Bolton and arranged for the financially distressed company to advance Bolton a loan to acquire a $20 million property in Lake Como, a judge has found. 

Three Keybridge directors breached their duties in approving a $4.75 million loan to help CEO Nicholas Bolton acquire a $20 million property in Lake Como, a judge has found. 

Former directors of failed clothing retailer Mosaic Brands have failed to shield documents recording safe harbour advice they received from Hamilton Locke, with a judge finding privilege was waived after the advice was included in board minutes and provided to the administrators. 

Class action barristers were strongly represented in this year's crop of new silks in NSW, with 8 out of 20 boasting expertise in representative proceedings.

A judge has hit the liquidators of failed construction giant Ralan with costs following an adjourned hearing, but declined to find the use of AI was cause for an adverse costs order.

The corporate cop is challenging a decision that tossed its breach of duty claims against three Regional Express board members over the company's continuous disclosure failures.

Three Keybridge Capital directors have rejected claims that board minutes documenting a $4.75 million bonus to former CEO Nicholas Bolton were a post-hoc "concoction”, saying they accurately reflected an agreement reached during a nine-minute meeting in 2023.

Law firm Allen & Overy advised that there were “very serious problems” with awarding Keybridge’s former CEO Nicholas Bolton a $4.75 million bonus, a judge has heard.

Former Keybridge CEO Nicholas Bolton has faced questions about a $4.75 million bonus he was paid on a $17.8 million deal with fund manager Magellan, on the second day of trial in proceedings by WAM over two transactions its alleges were oppressive to shareholders.

ASIC has won its case alleging Regional Express failed to correct an optimistic forecast before it entered administration last year, but failed to prove the company's optimism conveyed a "likelihood" or that three non-executive directors had actual knowledge of the collapsed budget airline's declining business.