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Banksia receiver mulls release bid from case by class action members
Class Actions 2025-05-28 11:13 pm By Christine Caulfield

The receiver appointed a decade ago to claw back money for investors in failed Banksia Securities might seek the protection of a court order releasing him from proposed new proceedings, which would also target lawyers alleged to have breached their overarching obligations.

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Marsh points finger at UBS in $7B Greensill cases
Financial Services 2025-05-27 11:24 pm By Cindy Cameronne

Insurer Marsh has fired off a cross-claim against Swiss bank UBS in several cases brought over Greensill’s $1.7 billion collapse. 

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Healthscope secures $100m injection from CBA as receivers appointed
Restructuring & Insolvency 2025-05-26 11:48 pm By Christine Caulfield

The Commonwealth Bank has given Healthscope a $100 million lifeline as the embattled hospital giant appoints receivers to negotiate a sale.

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Northern Iron administrators win extra six months to maximise sales process
Energy & Natural Resources 2025-05-26 11:02 am By Andy Sidler

The administrators of a Northern Territory iron ore company have won extra time to hold a second creditors meeting in hopes of securing a deed of company arrangement, despite protests from creditor Aurizon.

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Aircraft maker can’t pursue claims against Rex over $3M jet sale
Restructuring & Insolvency 2025-05-23 11:12 pm By Cat Fredenburgh

A US-based aircraft serves provider has lost its bid to pursue claims over a $3 million jet sale against discount airline Rex while it’s in administration. In a 16 May decision, the NSW Court of Appeal rejected the appeal of Jet Midwest, saying the primary judge did not err in finding its rights would be…

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Court won’t bless Strongroom AI’s sale ahead of creditors meeting
Restructuring & Insolvency 2025-05-21 11:21 pm By Andy Sidler

Medtech start-up Strongroom AI has lost its bid for a court order blessing its proposal to sell the company to SRSPV Pty Ltd prior to a second creditors meeting.

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Allens picks up restructuring partner from Baker McKenzie
Business of Law 2025-05-21 11:37 pm By Christine Caulfield

Allens has added a Baker McKenzie partner to its restructuring practice in Sydney. 

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ABD Group liquidators win more time for $23M voidable transaction claims
Restructuring & Insolvency 2025-05-20 11:21 pm By Christine Caulfield

Liquidators of the ABD Group of construction companies have won a brief reprieve from the three-year limitation period to launch voidable transaction cases worth up to $23.2 million.

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Modco liquidators can pursue different unfair preferences claims in ‘mothership’ case
Construction 2025-05-20 11:35 pm By Christine Caulfield

The liquidators for defunct Perth builder Modco Residential have won court approval to bring claims for unfair preferences and unreasonable director-related transactions against multiple defendants in one “mothership” case.

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Privium liquidators get more time to pursue lawsuits over ‘questionable’ transactions
Construction 2025-05-16 11:18 pm By Sam Matthews

Liquidators of collapsed builder Privium have won extra time to pursue potential proceedings over a number of suspicious transactions, which include unexplained payments to companies associated with a director.

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