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Doomed iron and steel giant Arrium attempted to stave off its inevitable $2.8 billion collapse and put off negotiating with its lenders until the last minute despite warnings from its legal and financial advisors, liquidators for the company told the court.
Directors of steel producer Arrium continued to borrow money from "vulnerable" lenders in the months prior to the company's $2.8 billion collapse and "bled cash" despite the inevitable end, a number of lenders have said on the first day of a 40-day trial in the NSW Supreme Court.
A judge has refused to disqualify herself from hearing a complex medical negligence lawsuit after she described an expert conclave as a "car crash", citing concerns over a psychiatrist giving opinions about liability in a surgical setting.
Two Clive Palmer companies have again been blocked from accessing documents held by two law firms and a litigation funder to pursue a potential lawsuit against Queensland Nickel, with an appeal court dismissing the bid as "unmeritorious".
HWL Ebsworth has settled with a former partner who filed a lawsuit claiming the firm and managing partner Juan Martinez failed to pay her money she was owed because she did not support the law firm's aborted plan to go public.
Law firm Atanaskovic Hartnell has failed to postpone its appeal of a ruling over unpaid legal fees until after its senior counsel -- who is stuck in London -- can get a COVID-19 vaccine and return to Australia.
A judge has ordered a Melbourne-based law firm to stop acting for property company Xriso in a case against a former client over the terms of a deposit for a $51 million Werribee development in which the firm's managing partner is likely to be a key witness.
The directors of steel giant Arrium, which collapsed owing $4 billion in debts, should have known earlier that the company was in a "liquidity crisis" and was trading while insolvent, liquidators for the company allege.
Allens has snagged two new heavy hitters from HWL Ebsworth to bolster its corporate team in Perth.
A former HWL Ebsworth partner claims the firm and managing partner Juan Martinez have failed to pay her money she is owed because she did not support the law firm's aborted plan to go public.