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A judge has given the administrator for billionaire Sanjeev Gupta's Tahmoor Coal two more weeks to prove that creditors would be better off under a sale process than a liquidation.
An appeals court has thrown out mining billionaire and AMCI co-founder Hans Mende's challenge to a ruling that found his decision to sack the group's Australian managing director was invalid.
A judge has dismissed a bid by two Liberty Steel companies to stay a case brought in NSW by administrators for collapsed supply chain finance company Greensill while a related case in the UK proceeds.
Banksia Securities investors who agreed to drop their case alleging breaches linked to a scandal-ridden class action have been hit with costs, with a judge saying the case was “plainly” not for the benefit of all group members.
Two Liberty Steel companies want a case brought in NSW by administrators for collapsed supply chain finance company Greensill to be put on hold while a related case in the UK is on foot.
The administrators of struggling regional airline Rex have entered into a sale agreement with NASDAQ-listed aviation holding company Air T, with the federal government stepping in to facilitate the sale.
KMPG partner John Lindholm has escaped a potential probe into his decision to endorse a settlement in the scandal-ridden Banksia Securities class action as the receiver for the collapsed lender.
Mayne Pharma has won a dispute with US drug maker Cosette over the termination of a $672 million merger agreement, with a judge finding Mayne did not breach its continuous disclosure obligations by failing to disclose a letter from the US FDA sooner.
A judge has questioned whether an investor in failed Banksia Securities can bring a case against a court-appointed receiver over his support for a class action settlement later found to involve deception by a team of lawyers.
The receiver for Banksia Securities — the failed lender at the centre of a scandal-ridden class action — has argued a new case accusing him of serious misconduct is vexatious and wants a court to release him from the claims.