Restructuring & Insolvency

An ex-Keystone director has raised concerns that expanding a freezing order over his assets would impact his ability to pay his solicitors at law firm Corrs Chambers Westgarth.

A court has ordered the de facto director of failed construction company Trinco to pay its liquidator $10 million, finding that the builder had been trading while insolvent since 2018.

Ray White has secured a stay of examinations of its employees, as a creditor of FSM Development investigates claims the real estate agency's loan agreement with the collapsed Sydney developer was uncommercial.

Noni B owner Mosaic Brands has been hit with a $25 million penalty for breaching consumer laws by failing to delivery 740,000 packages within the time frame specified on its website.

The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.

Plumbing company Flowmotion has brought a court application seeking the OK to pursue a payment claim against the Victorian unit of builder Roberts Co, which entered administration five months ago.

Media mogul Antony Catalano will not be required to provide evidence about a deal between Keybridge Capital and Magellan Financial Group after claiming it could put him at risk of incriminating himself as ASIC probes the transaction.

Three companies associated with the sole director of Quasar Constructions have avoided freezing orders sought by the liquidators of the defunct Sydney builder after providing undertakings to not dispose of assets.

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.