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Worrells backs partner targeted by ‘unexpected’ ASIC action
Restructuring & Insolvency November 14, 2019 10:25 pm By Christine Caulfield

Insolvency firm Worrells has come out in support of partner Jason Bettles, who is facing an investigation by the corporate regulator for his work as […]

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ASIC wants to probe Worrells liquidator over winding up of Members Alliance Group
Restructuring & Insolvency November 13, 2019 3:45 pm By Miklos Bolza

The Australian Securities and Investments Commission wants to investigate the conduct of a Worrells partner in relation to the winding up of Members Alliance Group, […]

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Cap Coast Telecoms pre-insolvency advisor gets jail time for money laundering
Restructuring & Insolvency November 13, 2019 2:48 pm By Cat Fredenburgh

A former pre-insolvency advisor has been sentenced to four and half years in prison for siphoning money from defunct Telstra dealer Cap Coast Telecoms prior […]

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Forge liquidators investigate potential case against auditors KPMG
Restructuring & Insolvency November 12, 2019 8:31 pm By Miklos Bolza

Two special purpose liquidators appointed to collapsed engineering and construction company Forge Group are investigating a potential lawsuit against KPMG, which audited the doomed business […]

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Vocation class action lumbers on with pared claims
Class Actions November 11, 2019 4:02 pm By Cat Fredenburgh

Certain claims in a shareholder class action against insolvent training company Vocation and auditor PricewaterhouseCoopers have been dropped, as the long-running case awaits a new […]

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Merlin Diamond creditors seek to shield rights over assets as liquidation looms
Restructuring & Insolvency November 11, 2019 5:23 pm By Miklos Bolza

A group of unsecured creditors of ‘Diamond Joe’ Gutnik’s mining firm Merlin Diamonds has launched a NSW Supreme Court bid to preserve their rights over […]

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Liquidator cops 10-year ban in landmark ATO case
Restructuring & Insolvency November 7, 2019 10:51 pm By Christine Caulfield

Sydney-based liquidator David Iannuzzi has been disqualified from serving as an insolvency practitioner for 10 years, in the first case brought by the Australian Tax […]

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Judge sends HIH Insurance legal fee fight back to the drawing board
Restructuring & Insolvency November 7, 2019 10:22 pm By Miklos Bolza

A NSW Supreme Court judge has raised concerns about a dispute over fees owed to two law firms and a funder in relation to four […]

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Judge shoots down objections to Mossgreen liquidators’ payday
Restructuring & Insolvency November 6, 2019 5:34 pm By Christine Caulfield

The administrators and liquidators of failed auction house Mossgreen have had their $646,000 in fees approved over the objections of creditors, with a judge saying […]

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IOOF unit wins stay of $76M judgment as it mulls appeal of case against Sparke Helmore
Restructuring & Insolvency October 22, 2019 11:00 pm By Cat Fredenburgh

A judge has briefly stayed his $76.6 million judgment against IOOF subsidiary Australian Executor Trustees over the sale of a timber plantation by the collapsed […]

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