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Mark Elliott’s bank records sought in Banksia class action fee dispute
Class Actions 2020-06-30 4:17 pm By Alison Eveleigh

A contradictor investigating alleged professional misconduct on the part of the legal team and funder behind a class action against failed Banksia Securities will subpoena […]

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Crippled by COVID-19, swimwear brand Seafolly enters administration
Restructuring & Insolvency 2020-06-29 10:37 pm By Christine Caulfield

Citing the “crippling financial impact” of the coronavirus pandemic, Australian swimwear company Seafolly has become the latest fashion retailer to enter voluntary administration. The company […]

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Court tosses appeal over botched $1.4B Babcock & Brown acquisition
Corporate 2020-06-29 9:27 pm By Alison Eveleigh

A private investment fund has failed again in its bid for damages from collapsed global advisory firm Babcock & Brown over a botched $1.4B acquisition […]

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Virgin administrators sign deal with Bain Capital to buy struggling airline
Restructuring & Insolvency 2020-06-26 10:35 am By Christine Caulfield

Virgin’s administrators have reached a deal with Bain Capital to buy the airline and its subsidiaries, saying Friday US investment firm had made a “strong […]

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Corporate insolvency partner scores partial win on appeal in breakup spat
Restructuring & Insolvency 2020-06-25 5:29 pm By Miklos Bolza

A challenge to a judgment which found that one partner of a corporate insolvency firm “ambushed” the other to leave the business has been partially […]

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Court allows debt-laden Thai Airways to temporarily avoid Australian asset seizure
Restructuring & Insolvency 2020-06-23 5:21 pm By Miklos Bolza

A court has granted a bid by two directors of Thai Airways to preserve the airline’s Australian assets as the company, which was hit hard […]

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Bain, Cyrus make final offers for Virgin
Restructuring & Insolvency 2020-06-22 2:35 pm By Christine Caulfield

Final bids for Virgin Australia were lodged on Monday by investment firm Bain Capital and private equity investor Cyrus Capital Partners, and the struggling airline’s […]

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High standards: Challenging a DOCA that compromises a litigation claim
Expert Insights 2020-06-16 6:05 pm By Christine Caulfield

The Full Court of the Federal Court has affirmed the high standard to be met by any challenge to a Deed of Company Arrangement, where […]

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Judge appoints receiver, not liquidator to hotel to avoid COVID-19 misunderstanding
Restructuring & Insolvency 2020-06-12 12:32 pm By Christine Caulfield

To avoid a creditor panic in the midst of the COVID-19 health crisis, the NSW Supreme Court has appointed a receiver instead of a liquidator […]

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Not enough liquidators to respond to a wave of COVID-19 insolvencies, ASIC warns
Restructuring & Insolvency 2020-06-11 8:20 pm By Alison Eveleigh

There may not be enough registered liquidators in Australia to respond to a possible wave of COVID-19 insolvencies, the Australian Securities and Investment Commission has […]

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