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Virgin bondholders fail to get hands on confidential Bain Capital sale docs
Restructuring & Insolvency July 10, 2020 1:15 pm By Alison Eveleigh

Virgin Australia unsecured bondholders contesting the sale of the embattled airline to private equity firm Bain Capital have failed in their bid to access confidential […]

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Virgin bondholders blast Deloitte disclosures to court
Restructuring & Insolvency July 9, 2020 10:41 pm By Cat Fredenburgh

Virgin Australia bondholders contesting the sale of the airline to private equity firm Bain Capital have blasted the airline’s administrators at Deloitte for failing to inform the court when applying for confidentiality orders that the bondholders had sought information on the terms of the deal.

Judge says FWC can hear dispute over stood down Qantas, Jetstar engineers
Employment July 9, 2020 8:35 pm By Cat Fredenburgh

The workplace umpire has jurisdiction to hear a case against Qantas and its budget subsidiary Jetstar brought by the union for licenced aircraft maintenance engineers […]

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Virgin administrators’ legal woes continue as bondholders try to uncover confidential Bain deal
Restructuring & Insolvency July 8, 2020 8:03 pm By Alison Eveleigh

A Virgin Australia unsecured bondholder has launched legal proceedings to uncover confidential details of the sale of the embattled airline to Bain Capital, with the […]

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Virgin bondholders attempt to block sale to Bain
Restructuring & Insolvency July 6, 2020 3:27 pm By Alison Eveleigh

Virgin Australia unsecured bondholders have launched an application with the Takeovers Panel in a bid to stop the sale of the embattled airline to Bain […]

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Virgin administrators sign deal with Bain Capital to buy struggling airline
Restructuring & Insolvency June 26, 2020 10:35 am By Christine Caulfield

Virgin’s administrators have reached a deal with Bain Capital to buy the airline and its subsidiaries, saying Friday US investment firm had made a “strong […]

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ACCC takes Pacific National, Aurizon terminal deal challenge to High Court
Competition & Consumer Protection June 26, 2020 10:15 am By Christine Caulfield

The competition regulator wants the High Court to hear its challenge to Pacific National’s $205 million acquisition of Aurizon’s Acacia Ridge Terminal in Queensland, saying […]

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Road barrier companies hit the brakes on patent dispute
Intellectual Property June 25, 2020 1:40 pm By Cat Fredenburgh

A settlement has been reached in a dispute between UK-based Hill & Smith Holdings and Australia-based Safe Barriers Pty Ltd over a patented road safety […]

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Court allows debt-laden Thai Airways to temporarily avoid Australian asset seizure
Restructuring & Insolvency June 23, 2020 5:21 pm By Miklos Bolza

A court has granted a bid by two directors of Thai Airways to preserve the airline’s Australian assets as the company, which was hit hard […]

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Bain, Cyrus make final offers for Virgin
Restructuring & Insolvency June 22, 2020 2:35 pm By Christine Caulfield

Final bids for Virgin Australia were lodged on Monday by investment firm Bain Capital and private equity investor Cyrus Capital Partners, and the struggling airline’s […]

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