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.
The Full Federal Court will hear developer Robert Filippini’s appeal of freezing orders won by Keystone Asset Management’s liquidators, as ASIC’s investigation of Keystone’s failed Shield fund ramps up.
A tribunal has ordered a defunct builder of a Dandenong apartment complex to pay $2.9 million in damages for a slew of defects and interest on a loan needed to replace combustible cladding.
The corporate cop has won court approval to proceed with a consumer suit against debt manager Solve My Debt, despite the company falling into liquidation.