Restructuring & Insolvency

Liquidators of collapsed Snowdon Developments have reached a settlement with a building supplier as part of efforts to collect more than $2 million in payments allegedly made when the Melbourne developer was insolvent.

The directors of defunct Sharvain Facades have won a bid to narrow the scope of documents they must produce in a case by Commercial Freight and Logisticsw, which claims an equitable lien over real estate.

The liquidators of real estate investment company Global Capital Property Fund have expanded their suit alleging breaches of fiduciary duties in relation to a $50 million Queensland development, adding special purpose vehicles for several developments in Victoria.

An ex-Keystone director has raised concerns that expanding a freezing order over his assets would impact his ability to pay his solicitors at law firm Corrs Chambers Westgarth.

A court has ordered the de facto director of failed construction company Trinco to pay its liquidator $10 million, finding that the builder had been trading while insolvent since 2018.

Ray White has secured a stay of examinations of its employees, as a creditor of FSM Development investigates claims the real estate agency's loan agreement with the collapsed Sydney developer was uncommercial.

Noni B owner Mosaic Brands has been hit with a $25 million penalty for breaching consumer laws by failing to delivery 740,000 packages within the time frame specified on its website.

The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.

Plumbing company Flowmotion has brought a court application seeking the OK to pursue a payment claim against the Victorian unit of builder Roberts Co, which entered administration five months ago.

Media mogul Antony Catalano will not be required to provide evidence about a deal between Keybridge Capital and Magellan Financial Group after claiming it could put him at risk of incriminating himself as ASIC probes the transaction.