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The federal government will take on $50 million of Rex Airlines' debt to keep the troubled regional carrier flying.
Construction PRO
The liquidators for landbanking company Aviation 3030 can recover half of a $3.4 million landholder duty from a former director, after a judge found they reaped benefits from indirect ownership in land sold for $135 million in 2018.
A shareholder and creditor of failed energy company Armour Group will have to front $3.5 million in security in its case against law firm Baker McKenzie and others ahead of an upcoming trial.
A creditor of defunct forestry giant Gunns Plantations has filed a High Court challenge after it didn't pay the company a $1.2 million judgment that confirmed the peak indebtedness rule does not apply in insolvency law.
Shareholders in collapsed financial services firm Babcock & Brown have lost their bid to stay costs orders after losing a ten-year-old dispute.
An investor class action against failed advisory firm Linchpin Capital and its former directors has won its bid to claim its losses against a $10 million insurance policy from AIG.
Collapsed fashion retailer Mosaic Group owes creditors over $245 million, according to a report released by the company's administrators.
Law firm Cornwalls has denied claims by a former client that it acted negligently and caused it to enter receivership, resulting in $4.8 million in losses.
Entities linked to late solicitor Mark Elliott have offered a settlement to end the pursuit of damages for Banksia class action members, but the deal would leave a significant sum held on trust by the Elliott parties out of reach.
A former director of investment firm Keystone, who is suspected by the corporate regulator of misusing millions in investor funds, has flagged a potential bid to keep his silence in a case by court-appointed receivers.