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Key witness in Hastie Services execs’ trial pointed the finger to save herself, jury hears
White Collar June 3, 2019 8:50 pm By Miklos Bolza

A former finance manager from Hastie Services and key witness for the prosecution in the criminal trial against two of the company’s former executives only […]

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ASIC wins case against Vocation, former execs after 15-month wait for judgment
Securities May 31, 2019 6:21 pm By Miklos Bolza

In a win for the corporate watchdog, a court has found collapsed education provider Vocation engaged in misleading and deceptive conduct and breached its continuous […]

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‘Diamond Joe’ Gutnick’s company ordered to pay debts or face winding up
Restructuring & Insolvency May 31, 2019 3:55 pm By Miklos Bolza

An appeals court has ordered a phosphate mining company owned by mining magnate Joseph Gutnik to pay back more than $225,000 owed to the Queensland […]

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Ex-Hastie Services CEO ordered ‘raid’ on balance sheets to make up targets, court hears
White Collar May 30, 2019 5:19 pm By Miklos Bolza

The former CEO of a unit of collapsed construction firm Hastie Group told staff to “raid the balance books” to make up financial targets linked […]

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KPMG settles lawsuits by Equititrust liquidators accusing accounting firm of negligence
Restructuring & Insolvency May 28, 2019 3:54 pm By Miklos Bolza

The liquidators of Gold Coast fund manager Equititrust are seeking court approval of a confidential settlement of two proceedings brought against KPMG for allegedly failing […]

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High Court declines funder’s appeal of $64M Banksia settlement approval
Appeals May 24, 2019 1:23 pm By Cat Fredenburgh

The High Court will not review an appeals court’s decision to approve a $64 million settlement in litigation over the failure of Banksia Securities while […]

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Judge signs off on $30M settlement in liquidator’s LM Investment case
Restructuring & Insolvency May 23, 2019 3:16 pm By Christine Caulfield

A Queensland Supreme Court judge has given the green light for a $30 million settlement of a liquidator’s case against failed financial services firm LM […]

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Termite Resources directors appeal $7M damages ruling for liquidators
Restructuring & Insolvency May 23, 2019 1:57 pm By Christine Caulfield

The former directors of collapsed mining company Termite Resources have appealed a ruling ordering them to pay $7 million in damages for allegedly breaching their […]

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Oaktree places Blue Sky into receivership amid class action threat
Restructuring & Insolvency May 20, 2019 11:05 pm By Cat Fredenburgh

US hedge fund Oaktree Capital has placed fund manager Blue Sky Alternative Investments into receivership, following a tumultuous period marked by the loss of senior […]

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Court approves investors’ takeover of Angas Securities
Restructuring & Insolvency May 17, 2019 8:49 pm By Miklos Bolza

The Federal Court has approved a scheme of arrangement which will see investors take a 70 per cent stake in troubled fund manager Angas Securities, […]

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