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‘Not an idle or disinterested bystander’: Funder hit with costs for failed real estate case
Real Estate May 27, 2020 7:51 pm By Cat Fredenburgh

A court has ruled that a litigation funder backing an unsuccessful real estate lawsuit by two broke plaintiffs must cover the legal costs after finding […]

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Virgin administrators relieved of JobKeeper liability
Restructuring & Insolvency May 20, 2020 6:31 pm By Alison Eveleigh

Virgin Australia’s administrators will not be responsible of any overpayments of the JobKeeper allowance, which is currently being claimed on behalf of thousands of the […]

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Virgin administration a billables bonanza for top firms
Clayton Utz May 18, 2020 3:44 pm By Alison Eveleigh

The Virgin Australia administration continues to boost billables at the top end of town, with a short list of “well-funded” buyers revealed on Monday and […]

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COVID-19 sees Virgin administrators absolved of liability on unprecedented scale
Restructuring & Insolvency May 15, 2020 4:40 pm By Alison Eveleigh

The administrators of Virgin Australia have been absolved of personal liability for the ongoing operation of the embattled airline on an unprecedented scale, with Australia’s […]

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Ashurst partner faces eviction from Point Piper home
Real Estate May 6, 2020 12:51 pm By Miklos Bolza

An Ashurst partner is at risk of being evicted from his Point Piper home after allegedly refusing to pay a $150,000 special levy. The administrators […]

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Courts should be flexible on laws in COVID-19 pandemic, says Virgin Australia judge
Restructuring & Insolvency April 29, 2020 3:08 pm By Christine Caulfield

The COVID-19 pandemic and government social distancing restrictions were reasons to be flexible in applying and adapting the law, the judge overseeing the administration of […]

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Judge rejects funder’s bid to send Banksia class action fee dispute to mediation
Class Actions April 27, 2020 4:05 pm By Christine Caulfield

The funder behind the Banksia Securities class action has failed in a bid to have an outstanding case over legal fees and its commission sent […]

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Halifax liquidators’ decision to not realise investments gets court backing
Restructuring & Insolvency April 27, 2020 2:08 pm By Cat Fredenburgh

The liquidators of defunct stockbroker Halifax are justified in their decision to refrain from realising existing investments over the protests of some investors, until substantive […]

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Virgin administrators not on the hook for aircraft leases, for now
Restructuring & Insolvency April 24, 2020 6:41 pm By Alison Eveleigh

The administrators of Virgin Australia will not have to pay the troubled carrier’s aircraft and other lease payments, after a court granted them a temporary […]

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Virgin administration could push the boundaries of corporations law
Restructuring & Insolvency April 23, 2020 8:35 pm By Alison Eveleigh

Voluntary administration was the only option for Virgin, and the extraordinary circumstances surrounding the airline’s decline could present a unique opportunity for the administrators to […]

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