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Judge ends Keybridge administration, finds company is solvent
Restructuring & Insolvency 2025-04-15 2:08 pm By Andy Sidler

After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company’s administration after it provided a letter of comfort and offer to fund its debts.

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Major projects, subcontractors could be ‘imperiled’ if Roberts Co Victoria was liquidated: judge
Construction 2025-04-16 11:51 pm By Andy Sidler

A judge has given the Victorian unit of Roberts Co more time to put forward a deed of company arrangement that would save the builder from liquidation, noting liquidation could imperil its projects and subcontractors, who could not bring claims under the SOP Act if it was insolvent. 

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Special Gold liquidator can advance claims against Dyldam
Construction 2025-04-16 11:42 pm By Cat Fredenburgh

A judge has ruled the liquidator of Special Gold can advance claims against Dyldam Developments, which the collapsed Sydney developer has called “hopeless”.

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Trial pushed off in sprawling litigation over Greensill collapse
Restructuring & Insolvency 2025-04-10 11:41 pm By Sam Matthews

A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm’s administrator.

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Collapsed Sharvain Facades owes $54M to Multiplex, Scentre, other creditors
Restructuring & Insolvency 2025-04-11 11:13 pm By Cat Fredenburgh

Building façade company Sharvain, which went under last month, owes major builders $54 million, according to a judgment pushing out the date for a creditors meeting.

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High Court won’t take up Gunns creditor’s fight with liquidators
Restructuring & Insolvency 2025-04-10 11:20 am By Cat Fredenburgh

The High Court won’t hear an appeal by a creditor of collapsed forestry giant Gunns Plantations seeking to toss winding up proceedings brought after it failed to pay back $1.2 million in unfair preferences. 

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AIG reaches settlement in Linchpin investor class action
Settlement 2025-04-07 3:59 pm By Christine Caulfield

A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.

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Star accepts $300M takeover offer from Balley’s
M&A 2025-04-07 11:53 pm By Cat Fredenburgh

Star has agreed to a $300 million deal that will see the embattled company taken over by US-based casino operator Balley’s.

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KordaMentha sues to wrest control of Whyalla port from Sanjeev Gupta
Restructuring & Insolvency 2025-04-08 11:02 pm By Cat Fredenburgh

KordaMentha has filed a lawsuit to force Sanjeev Gupta’s GFG Alliance to turn over the port at OneSteel’s Whyalla plant in South Australia, arguing the court should doubt a GFG unit’s claims to a lease for the port.

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Hastie liquidators get court OK to fund cases against Hall & Wilcox
Restructuring & Insolvency 2025-04-07 1:19 pm By Christine Caulfield

Hastie’s special purpose liquidators have won court approval to enter into a further funding agreement as it pursues cases against Hall & Wilcox, which previously represented the collapsed engineering firm.

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