A judge has called out the directors of failed Super Rugby club Melbourne Rebels for their “startling” inability to explain their case against the club’s administrators and the tax office.
CIP Group can subpoena Queensland Police, with a judge finding the timing of an ex-business partner’s complaints to police may be material to a change of tack in CIP’s $30 million suit over a residential development.
IG Energy and former subsidiary IG Power — now owned by Czech investment firm Sev.en — are fighting over a $3.5 million surplus from the administration of IG’s interest in the Callide Power Station in Queensland.
Liquidators of Falcon Capital have so far clawed back just $1.65 million of the $450 million invested in its failed First Guardian fund, and are holding out little hope for more than minimal further recoveries.
An iProsperity director must pay $5.3 million to ZACD for his conduct in convincing the Singapore-based real estate investment firm to cough up $37.5 million for its $300 million purchase of the AccorInvest hotels portfolio.
Special purpose liquidators have been appointed to failed clothing retailer Mosaic Brands, after a judge found a reasonable apprehension of bias arising from liquidator Vaughan Strawbridge’s former link to Deloitte.
ASIC wants a contempt ruling against the couple behind Gold Coast-based property developer ALAMMC Developments after they allegedly moved more than $500,000 out of frozen accounts and failed to disclose assets, including two racehorses, one of which is named ‘Within the Law’.
The former director of collapsed Keystone Asset Manager — who is under the glare of the corporate regulator over the asset manager’s Shield fund — is appealing the rejection of a $9 million claim on the company.
Property developer and former director of collapsed Keystone Asset Manager Paul Chiodo is appealing the rejection by liquidators of a $9 million proof of debt.
A court has shut down an investor’s $455,000 suit against defunct property development group Lion Property Group, finding its liquidators are better placed to untangle the claims.