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Clive Palmer’s co. faces setback in winding up battle over Queensland time-share scheme
Restructuring & Insolvency 2019-06-25 4:54 pm By Amelia Birnie

A judge has refused to separately hear an application by a Clive Palmer-controlled company to wind up a time-share scheme at Queensland’s Palmer Coolum Resort, […]

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Ex-James Estate Wines boss takes another shot at ANZ in $14M dispute
Restructuring & Insolvency 2019-06-20 9:27 pm By Amelia Birnie

Failed winemaker David James has launched a fresh bid to overturn a $14 million judgment for ANZ against him, telling a court he is still […]

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Funder takes all in Equititrust settlement with KPMG, creditors get nothing
Restructuring & Insolvency 2019-06-20 9:10 pm By Miklos Bolza

The approval of a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG has been postponed to allow time to notify creditors […]

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Employees are priority creditors of insolvent trading trustees, High Court rules
Appeals 2019-06-20 9:08 pm By Miklos Bolza

The High Court of Australia has resolved a nearly 40-year old question of whether employees of a failed company established as trustee of a trading […]

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Former MFS boss gets 10% off penalty for $147.5M misappropriation
Appeals 2019-06-18 8:55 pm By Amelia Birnie

A court has trimmed 10% off a $300,000 penalty against the former CEO of failed Gold Coast finance company MFS Group, after he successfully argued […]

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Government to fund examination of JM Kelly’s web of inter-company loans
Restructuring & Insolvency 2019-06-17 5:25 pm By Amelia Birnie

The Commonwealth has agreed to fund a public examination into the affairs of collapsed Queensland-based construction group JM Kelly, after liquidators uncovered a complicated web […]

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Judge takes ax to $5.7M bill by liquidators of SK Foods units
Restructuring & Insolvency 2019-06-14 9:59 pm By Miklos Bolza

A court has taken an ax to the final bill by liquidators of three failed subsidiaries of multi-national agribusiness SK Foods Group, lopping off 30 […]

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AIG loses appeal over insolvency exclusion in Kaboko Mining D&O policy
Insurance 2019-06-14 9:13 pm By Cat Fredenburgh

AIG Australia has failed to convince the Full Federal Court that an insolvency exclusion in a directors and officers policy held by Kaboko Mining should […]

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ACCC to seek $4M in refunds for Jump! swim school franchisees
Competition & Consumer Protection 2019-06-11 11:03 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission will seek more than $4 million in refunds plus penalties when it takes the troubled operator of the Jump! […]

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Ex-Hastie Services CEO says nothing ‘dodgy’ about orders to close earnings gap
White Collar 2019-06-04 10:03 pm By Miklos Bolza

The former chief executive officer of Hastie Services has admitted to asking staff to make up for a shortfall between forecast and actual profits at […]

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