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Receivers can pay priority claims of employees directly, judge rules
Construction March 20, 2019 10:32 pm By Christine Caulfield

Receivers, not just liquidators, can distribute assets to satisfy priority claims of an insolvent company’s employees, a judge has ruled, settling a question of law […]

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Judge won’t toss $17.5M Equititrust lawsuit against Tucker & Cowen
Restructuring & Insolvency March 19, 2019 11:34 pm By Cat Fredenburgh

A name partner at law firm Tucker & Cowen and the firm itself have lost their bid for summary dismissal of a lawsuit brought by the receiver of failed fund manager Equititrust seeking to recover $17.5 million allegedly acquired through deceptive means.

ASIC wins case to wind up landbanking scheme Aviation 3030
Securities March 19, 2019 11:54 pm By Christine Caulfield

The Australian Securities and Investments Commission has won its bid to appoint liquidators to solvent landbanking company Aviation 3030, with a judge saying ASIC’s public-interest […]

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CFMMEU to go another round with One Key Workforce liquidators over $1M in wages
Restructuring & Insolvency March 15, 2019 10:31 pm By Cat Fredenburgh

The Construction, Forestry, Maritime, Mining and Energy Union has appealed a ruling granting $1 million to the liquidators of failure labour hire company One Key […]

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Clive Palmer’s wife can’t dodge liquidators’ grilling over Mineralogy’s assets
Restructuring & Insolvency March 12, 2019 10:43 pm By Christine Caulfield

Liquidators for the failed Queensland Nickel will be able to interrogate Clive Palmer’s wife over the assets of her husband’s other company, Mineralogy, after telling […]

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Liquidator loses appeal to block evidence as ATO aims at 10 year ban
Restructuring & Insolvency March 11, 2019 8:47 pm By Miklos Bolza

An appeals court has dismissed a challenge by Veritas Advisory principal liquidator David Iannuzzi to the admissibility of evidence submitted by the Australian Taxation Office […]

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Ex-director, insolvency advisers charged with money laundering after ASIC probe
White Collar March 5, 2019 2:14 pm By Cat Fredenburgh

A former director of insolvent Telstra dealer Cap Coast Telecoms and two former insolvency advisors have been charged with laundering money and breaching their director […]

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Funder asks High Court to take another look at $64M Banksia settlement
Appeals February 27, 2019 11:15 pm By Cat Fredenburgh

A litigation funder wants the High Court to review a court decision’s to approve a $64 million settlement in litigation over the failure of Banksia […]

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Ex-PPB Advisory liquidator suspended for pilfering $800k
Restructuring & Insolvency February 27, 2019 4:35 pm By Cat Fredenburgh

A former PPB Advisory liquidator has had his licence suspended after a disciplinary committee found he acted dishonestly in transferring $800,000 from the account of […]

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Clive Palmer loses appeal of order freezing $200M in assets in Queensland Nickel case
Restructuring & Insolvency February 25, 2019 10:10 pm By Christine Caulfield

Clive Palmer has lost a bid to overturn an order freezing more than $200 million in his personal assets in a case brought by the […]

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