Restructuring & Insolvency

Contesting $17.8 million in fees billed by law firm Hall & Wilcox, the liquidators of collapsed engineering firm Hastie Group have told a court there was no written costs agreement between the parties. 

A judge has raised concerns that if he grants orders sought by the administrators of collapsed builder Sharvain Facades to delay a creditors meeting, it will prioritise the interests of its creditors over those of Roberts Co.

A judge has found that the former liquidator of developer North Shore did not rely on an appraisal of a residential block in settling a dispute over the alleged uncommercial sale of four units in a Lane Cove development, despite finding it was likely not a genuine document. 

Professional services giant KPMG has reached a settlement in a shareholder class action over the failure of mining company Cudeco.

The deadline looms for a creditors' meeting to decide the future of collapsed building company Sharvain Façades, but its administrator wants a court to stop the clock, concerned a vote for liquidation will thwart recovery of $3.2 million from Roberts Co.

Collapsed Roberts Co Victoria will oppose a creditor’s bid for an extension in a case seeking to wind up the construction company, claiming it is “effectively on death row” and suffering reputational damage.

Medical device maker Exactech will pay $8.7 million to end a class action that alleges its joint replacement implants were defective. 

Fletcher Building has confirmed it has received inquiries from prospective buyers of its businesses, including its construction division.

Liquidators of collapsed Forge Group are close to settling their insider trading case against engineering and construction company Clough and former directors, a court has heard on what was to be the first day of trial.

Construction group Roberts Co owes unsecured creditors almost $100 million, a court has been told as administrators secure more time for the builder's founder to pitch a restructuring deal.