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Ex-Babcock & Brown execs dodge case over botched $1.4B acquisition
Corporate May 14, 2019 10:00 pm By Christine Caulfield

A court has dismissed a long-running case against defunct Babcock & Brown executives by a private investment fund over a botched $1.4B acquisition of the […]

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ASIC wants Merlin Diamonds wound up over $13M in unauthorised loans
Restructuring & Insolvency May 14, 2019 10:25 pm By Cat Fredenburgh

The Australian Securities and Investments Commission wants ASX-listed diamond mining company Merlin Diamonds wound up, expressing concerns about the company’s solvency and over $13 million […]

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Court tosses Ponzi scheme investor’s $75M claim against liquidator Grant Thornton
Restructuring & Insolvency May 14, 2019 9:29 pm By Amelia Birnie

A court has thrown out a $75 million compensation claim filed by an investor in a Ponzi scheme alleging liquidator Grant Thornton Australia and its […]

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Judge shoots down ASIC’s ‘amorphous’ request for inquiry into liquidators
Restructuring & Insolvency May 10, 2019 3:24 pm By Miklos Bolza

A judge has dismissed an application by the Australian Securities and Investments Commission to investigate two Sydney-based liquidators, saying the regulator had failed to prove […]

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Paltar Petroleum to be wound up after judge finds ‘too much uncertainty’ in DOCA
Restructuring & Insolvency May 10, 2019 10:47 pm By Cat Fredenburgh

Oil exploration company Paltar Petroleum will be wound up after a judge rejected a proposed deed of company arrangement as containing “too much uncertainty”. Federal […]

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Judge sides with ASIC, finds insolvent hedge fund Goldsky operated without a licence
Restructuring & Insolvency May 9, 2019 6:16 pm By Miklos Bolza

A judge has found embattled hedge fund Goldsky breached the Corporations Act by providing financial services in Australia without a licence. In a judgment handed […]

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HWL must produce files in case accusing partner of diverting client funds to pay legal bill
Legal Ethics May 8, 2019 9:06 pm By Amelia Birnie

A judge has dismissed HWL Ebsworth’s claims of a “fishing expedition” and granted discovery of a slew of  internal documents relevant to allegations a partner […]

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Ex-PPB Advisory liquidator gets 7 years’ jail for $800,000 fraud
Restructuring & Insolvency May 3, 2019 9:06 pm By Amelia Birnie

A former PPB Advisory liquidator has been jailed for seven years for embezzling $800,000 from defunct property development company Neolido Holdings Pty Ltd. Brisbane-based David […]

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Property developers accused of ‘gaming the system’ at GST class action trial
Class Actions May 1, 2019 10:58 pm By Amelia Birnie

Multiple Canberra property developers have been accused of deliberately trying to avoid repaying GST to home buyers at the outset of a class action trial […]

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Judge signs off on Halifax liquidators’ plan to email creditors
Restructuring & Insolvency May 1, 2019 10:12 pm By Cat Fredenburgh

Creditors of defunct stockbroker Halifax Investment may soon get emails from the company’s liquidators, after a judge signed off on their request to keep creditors […]

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