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Arrium liquidators win fight over examination of director for potential class action
Restructuring & Insolvency 2020-07-30 4:59 pm By Miklos Bolza

Liquidators for collapsed steel and mining giant Arrium have successfully appealed a court ruling permitting the examination of a former director for a possible shareholder […]

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DLA Piper recruits leading restructuring partner for Melbourne office
Restructuring & Insolvency 2020-07-29 2:27 pm By Christine Caulfield

Global law firm DLA Piper has boosted its restructuring practice with the hire of former Ashurst partner Lionel Meehan for its Melbourne team, the firm’s […]

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Banksia class action was ‘party like no other’ for Mark Elliott and barristers, court told
Class Actions 2020-07-28 11:00 pm By Alison Eveleigh

The funder and legal team behind a class action over the collapse of Banksia Securities billed for phantom costs in a ā€œfraudulent schemeā€ to secure […]

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Investment scheme wound up after ‘systematic misappropriation’ of $7M in funds
Restructuring & Insolvency 2020-07-28 9:49 pm By Miklos Bolza

A court has granted ASIC’s bid to wind up an illegal managed investment scheme whose operators fled to India following the “systematic misappropriation” of almost […]

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Banksia class action funder admits court was misled on fees, says commission shouldn’t suffer
Class Actions 2020-07-27 5:46 pm By Christine Caulfield

The litigation funder behind the class action over Banksia Securities’ collapse has admitted it misled a costs consultant retained to report to the court on […]

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Administrators for fashion retailer PAS Group lose battle with landlords over rent
Restructuring & Insolvency 2020-07-24 11:04 pm By Christine Caulfield

Administrators for The PAS Group have failed in their bid to have almost $1.4M in rent declared an unsecured debt in the event the fashion […]

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Ashurst partner hit with indemnity costs in Point Piper property feud
Real Estate 2020-07-22 10:26 am By Christine Caulfield

An Ashurst partner in a long-running stoush with his former Family Court judge neighbour over a property in the harbourfront Sydney suburb of Point Piper […]

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Former Sydney liquidator faces charges she misappropriated $240,000
Restructuring & Insolvency 2020-07-15 6:02 pm By Alison Eveleigh

A former Sydney liquidator has been charged with dishonesty offences and faces possible jail time after allegedly misappropriating almost $240,000 from company bank accounts. Amanda […]

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Citing COVID-19 and $1.5M in class action costs, cladding manufacturer goes into administration
Class Actions 2020-07-13 10:34 pm By Cat Fredenburgh

Cladding manufacturer Fairview Architectural has filed for voluntary administration, citing challenges posed by COVID-19 and $1.5 million spent so far defending a class action alleging […]

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Virgin bondholders fail to get hands on confidential Bain Capital sale docs
Restructuring & Insolvency 2020-07-10 1:15 pm By Alison Eveleigh

Virgin Australia unsecured bondholders contesting the sale of the embattled airline to private equity firm Bain Capital have failed in their bid to access confidential […]

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