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ASIC suffers significant loss in ‘illegal phoenix’ case against liquidator
The corporate regulator has failed in its case targeting an individual insolvency practitioner for alleged illegal phoenix activity.
Dixon Advisory class action loses novel bid for docs to use in mediation
A judge has refused a lead applicant’s novel bid for financial information to use at settlement discussions in a group proceeding against Dixon Advisory.
In ‘significant’ ruling, CuDeco class action wins access to full KPMG audit report
A judge has ordered KPMG to turn over its complete audit files for CuDeco in a shareholder class action against the defunct mining company's former company directors and the accounting firm over allegedly misleading statements about the value of ore reserves at CuDeco's Rocklands mines in Queensland.
Penalty privilege can’t be used to dodge production of books
A judge has found that penalty privilege cannot be used to avoid the production of books under the Corporation Act.
Dispute over barrister’s fee estimates goes to High Court
A barrister is taking a dispute over his $320,000 bill to the High Court, but a judge has cast doubt on the appeal’s prospects of success.
Judge pushes off dispute over Melissa Caddick’s $12,000 Dior sneakers
The judge overseeing the receivership of Melissa Caddick’s estate has pushed off a dispute about a collection of sneakers held by the deceased fraudster’s teenaged son, including one pair that could be worth up to $12,000.
White & Case nabs head of Clayton Utz’s insolvency group
Global firm White & Case has recruited two senior lawyers from Clayton Utz to head up its newly established financial insolvency practice in Australia.
Linchpin liquidators have case against Grant Thornton, Moore Stephens: judge
A judge has found that a case brought by the liquidators of investment firm Linchpin Capital against auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that allegedly misused investor money has legs.
Arrium lenders file High Court challenge over directors’ loan drawdowns
Commonwealth Bank and other lenders of Arrium have filed for special leave to appeal to the High Court after losing their latest bid to make two directors liable for allegedly misleading them about loan drawdown notices ahead of the steel company's $2.8 billion collapse. 
Sargon liquidators resolve $540,000 case against King & Wood Mallesons
The liquidators of collapsed Sargon Capital have resolved their unfair preference case against King & Wood Mallesons over $540,000 in fees the law firm was paid for work advising the fintech before it went under.