Restructuring & Insolvency

The Australian Securities and Investments Commission has been given the green light to pursue a consumer case alleging defunct online retailer Snaffle charged consumers inflated prices.

Liquidators for defunct residential builder Modco have defeated a summary dismissal bid in a case over unfair preference payments but have been ordered to pay indemnity costs after 10 months passed without them taking a step in the proceeding.

A director can't escape an oral examination by the liquidator of collapsed construction company Symich Building on medical grounds, with a judge saying the doctor who certified her as unfit seemed to misunderstand that examinations are “adversarial in nature”.

The Australian arm of Canadian court services company VIQ Solutions, which provides transcription services to the Federal Court, has entered voluntary administration.

A court has found that Racing NSW's appointment of an administrator to the owner of Sydney's Randwick Racecourse over financial concerns was invalid.

The corporate regulator has launched proceedings to wind up a company in the steel empire of billionaire Sanjeev Gupta for its failure to lodge financial reports for four years. 

Collapsed Sydney building company Novati Constructions reportedly owes up to $50 million to more than 50 creditors.

A personal injury law firm can beef up its defence in a case brought by the receivers of collapsed litigation funder JustKapital, who claim the firm owes $2 million in fees and interest for disbursement financing.

The tax office has won the appointment of special purpose liquidators to entities behind a number of Queensland construction projects, as it seeks to claw back a claimed $16 million debt.

A court has ruled that Canadian investor Franco-Nevada is entitled to mining royalty payments agreed to with a unit of mining company Arrium before its collapse, despite the company's failure to lodge a proof of debt.