Restructuring & Insolvency

The administrators of the New South Wales Cyprus Community club can sell an inner Western Sydney property of “substantial value”, with a judge finding they are not subject to a condition under the Registered Clubs Act. 

A junior Ashurst lawyer's failure to register a drug wholesaler's $51 million security interest over a group of Infinity pharmacies was inadvertent, a judge has found in granting a bid to extend the deadline for registration.

GFG unit Whyalla Ports has won its bid to rub out some expert evidence put forward by OneSteel about the costs of dismantling and removing assets from the site in their dispute over control of the assets at the South Australian port.

Builder Xela has failed in its bid to wind up the owner of a development to recoup a $776,000 debt owing under the Security of Payment Act, with a court finding that despite an unwillingness to pay, the owner is solvent. 

The administrators of the Dartbrook coal mine in the New South Wales' Hunter Valley have won six more months before holding a second creditors meeting, with a judge convinced a pending approval to extend the mine’s life until 2033 could make or break a sale.

A judge has made winding up orders against companies connected to Lion Property Group and allowed Victoria Police to access a confidential report from the luxury Melbourne developer's provisional liquidators.

BlueScope Steel is leading an international consortium that's bidding to acquired the troubled steel making facility Whyalla Steelworks. 

A liquidator for the defunct developer of a controversial south Sydney apartment building has won a bid to extend the time to bring potential voidable transaction proceedings.

Pitcher Partners has won its bid for a separate hearing on whether the liquidator of collapsed IT company Titan Interactive is entitled to any relief on its claims the accounting firm breached its duty of care in providing tax advice.

The liquidators of collapsed developer FW Projects have filed action against former directors of the company, seeking to claw back debts of millions of dollars arising from alleged insolvent trading.