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UDP wins $25M from insurers over doomed 5 Star Foods deal
Corporate October 10, 2019 5:27 pm By Miklos Bolza

Hong Kong-based UDP was entitled to $25 million from its insurers after losing more than $30 million from its disastrous acquisition of dairy conglomerate 5 […]

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Insolvency practitioners’ fees to face scrutiny in latest government inquiry
Restructuring & Insolvency October 10, 2019 9:44 pm By Cat Fredenburgh

A new government inquiry will look at the fees and practices of insolvency professionals and whether the current insolvency system is set up to help […]

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Examination proceedings brought against Linchpin Capital directors
Restructuring & Insolvency October 9, 2019 4:06 pm By Miklos Bolza

Three former directors of billion-dollar financial advisory firm Linchpin Capital Group will face two days of questioning in examination proceedings filed on behalf of an […]

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Ernst & Young strikes out with third party claims against failed LM Investment
Restructuring & Insolvency October 8, 2019 11:47 pm By Cat Fredenburgh

Ernst & Young, which is facing a lawsuit brought by the receiver of a managed investment fund overseen by failed financial services firm LM Investment […]

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Tucker & Cowen loses second bid to dodge $17.5M Equititrust case
Legal Ethics October 7, 2019 12:00 pm By Miklos Bolza

Two name partners at law firm Tucker & Cowen have lost another attempt to dismiss a case brought against them by the receivers of failed […]

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Judge dismisses Ashurst partner’s dispute with ex-judge neighbour as ‘bordering on irrational’
Corporate October 3, 2019 9:05 pm By Amelia Birnie

A partner at Big Six firm Ashurst has lost his bid to stop liquidators taking control of his Point Piper home in a long-running dispute […]

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Appeals court finds ‘Diamond Joe’ Gutnick family’s $1 mining deal void
Restructuring & Insolvency October 3, 2019 4:45 pm By Miklos Bolza

An appeals court has upheld a ruling that found two companies previously run by Joseph “Diamond Joe” Gutnik and his family were insolvent, ending a […]

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Liquidator of Ambient Advertising unit sues director after funding go-ahead from court
Restructuring & Insolvency October 1, 2019 8:55 pm By Christine Caulfield

The liquidator of a subsidiary of collapsed Ambient Advertising has launched legal proceedings against the company’s director after getting the all-clear from the Federal Court […]

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‘State of warfare’: Ashurst partner in legal deadlock with ex-judge neighbour in long-running Point Piper dispute
Corporate September 27, 2019 8:02 pm By Amelia Birnie

A judge has urged a partner at Big Six firm Ashurst not to “keep a fight going just because you can’t let it go”, after […]

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Sparke Helmore off the hook as court slams IOOF unit with $81M judgment over plantation sale
Restructuring & Insolvency September 26, 2019 2:50 pm By Miklos Bolza

IOOF subsidiary Australian Executor Trustees has been hit with an $80.6 million judgment after breaching its duty as trustee in the sale of a 42,000 […]

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