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Greensill Capital administrators recommend winding up as ‘only suitable option’
Restructuring & Insolvency 2021-04-15 11:29 pm By Christine Caulfield

Administrators appointed to the Australian arm of supply-chain finance firm Greensill Capital are recommending that creditors, which are owed in excess of $1.75 billion, vote […]

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Forge directors fail to explain need for multiple law firms in liquidators’ case, judge says
Banton Group 2021-04-14 2:15 pm By Miklos Bolza

A judge has slashed security for costs sought in a case brought by the liquidators of engineering and construction company Forge Group after the former […]

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Clive Palmer hit with indemnity costs for ‘hopeless’ case against Queensland Nickel
Restructuring & Insolvency 2021-04-14 3:49 pm By Cindy Cameronne

Two Clive Palmer companies have been slugged with indemnity costs after they were blocked from accessing documents held by two law firms and a litigation […]

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Credit Suisse seeks to wind up Whyalla steelworks on back of Greensill collapse
Restructuring & Insolvency 2021-04-07 10:44 am By Miklos Bolza

Global investment bank Credit Suisse has launched legal action in the wake of the collapse of Greensill Capital seeking to wind up two firms helmed […]

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Greensill Bank to avoid asset seizure for now as Australian creditors named
Restructuring & Insolvency 2021-03-31 6:18 pm By Cindy Cameronne

A judge has allowed a German bank owned by Greensill Capital, which owes creditors over $1.75 billion, to temporarily avoid seizure of its assets as […]

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JM Kelly’s negligence case against former accountant should go to trial, judge rules
Construction 2021-03-30 6:51 pm By Cindy Cameronne

A judge has refused to summarily dismiss proceedings by collapsed construction group JM Kelly against its former accountant, finding it was an issue for trial […]

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ASIC will ask to have Melissa Caddick charges dropped
White Collar 2021-03-29 4:28 pm By Cindy Cameronne

The Australian Securities and Investments Commission will seek to withdraw all charges which were the subject of an arrest warrant against accused fraudster Melissa Caddick, […]

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KPMG can’t delay defence in Arrium class action
Accounting 2021-03-24 1:37 pm By Christine Caulfield

A bid by KPMG to push off the filing of its defence in a class action over misleading statements ahead of Arrium’s $754 million capital […]

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Greensill Capital owes creditors more than $1.75B, faces likely liquidation
Restructuring & Insolvency 2021-03-19 11:27 pm By Christine Caulfield

The Australian unit of Greensill Capital is heading for liquidation owing creditors in excess of $1.75 billion, administrators revealed Friday. The administrators, from Grant Thornton, […]

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Banksia silk Norman O’Bryan signals possible appeal after failure to reopen defence
Legal Ethics 2021-03-18 10:29 pm By Christine Caulfield

Once high-flying barrister Norman O’Bryan might seek to challenge a refusal by the judge overseeing the Banksia class action to revisit his abandoned defence and […]

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