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Grocon CEO Daniel Grollo sued by BOQ over $12M home loan
Construction 2022-07-19 3:04 pm By Christine Caulfield

His property development empire was saved from liquidation, but Daniel Grollo is still being hounded by creditors, with Bank of Queensland suing the Grocon CEO […]

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Red Telecom hit with $450,000 penalty for failing to pay customers
Telecommunications 2022-07-13 3:30 pm By Sam Matthews

A judge has ordered a defunct telecommunications company to pay $450,000 in penalties for flouting orders requiring it to pay out over $63,000 to its […]

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‘I want complete transparency’: Forum Finance director faces grilling for legal funds
Restructuring & Insolvency 2022-07-01 1:28 pm By Sam Matthews

A judge has told Forum Finance director Vince Tesoriero to “revisit” evidence about his true financial position if he wants to win the release of […]

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Liquidator reprimanded by ASIC for breaching rules on independence
Restructuring & Insolvency 2022-07-01 10:45 pm By Sam Matthews

The corporate regulator has reprimanded a liquidator for “serious” breaches of independence rules, and has directed the insolvency practitioner to refuse appointments until next year. […]

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Virgin ordered to hand over insurance details in shareholder class action
Class Actions 2022-06-29 11:12 pm By Cat Fredenburgh

Virgin Australia has been ordered to disclose whether its insurer has agreed to indemnify it for any liability it may have in a shareholder class […]

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Clive Palmer’s nephew can’t dodge contempt proceedings over Queensland Nickel collapse
Restructuring & Insolvency 2022-06-10 6:38 pm By Sam Matthews

The former director of Queensland Nickel and nephew of mining magnate Clive Palmer has lost another bid to dodge contempt proceedings brought by the collapsed […]

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Class action settlement with IPO Wealth trustee ‘a lot less’ than investors’ claims, court told
Restructuring & Insolvency 2022-06-02 6:30 pm By Cindy Cameronne

Investors in Mayfair Group’s collapsed IPO Wealth Fund stand to recoup “a lot less” than their alleged $67 million in losses from a settlement in […]

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Ex-Dick Smith CEO should be liable for approving $28.5M in dividends, appeals court told
Restructuring & Insolvency 2022-05-30 9:30 pm By Cindy Cameronne

The former CEO of failed electronics retailer Dick Smith should be held responsible for approving two dividend payments worth $28.5 million which the company could […]

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Insurer Bond & Credit Company points finger at Greensill Group
Insurance 2022-05-24 3:01 pm By Christine Caulfield

Insurer Bond & Credit Company has denied it owes damages over the collapse of the Greensill group, saying it issued a trade credit policy at […]

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Forex Capital liquidators win ‘urgent’ order for $69.5M distribution to customers
Restructuring & Insolvency 2022-05-24 5:42 pm By Cindy Cameronne

Forex Capital Trading liquidators have won an “urgent” bid for orders allowing them to distribute $69.5 million to 8,600 former customers of the derivatives trader […]

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