Restructuring & Insolvency

Lender White Oak may argue that settlement communications in proceedings over the collapse of supply chain finance company Greensill were in furtherance of fraud and should be turned over, after partially succeeding in a privilege fight with insurers BCC Trade Credit and Tokio Marine.

Insolvency firm Cor Cordis has argued the "inordinate" task of producing WIP valuation documents in former chair Bruno Secatore's case should wait until the pleadings have been finalised and security determined.

Defunct developer FSM must hand over transcripts of examination proceedings by its liquidators in a new case against Ray White Capital, Mallesons and others after the liquidators lost their bid for unreacted emails related to financing for an Ashfield development. 

A judge has ordered financier MaxCap to hand over certificates of title for property associated with collapsed developer APH Holding's $320 million Wellington Health precinct in the Melbourne suburb of Box Hill.

A deed of company arrangement for three companies associated with developer Descon-Adcon has fallen apart after former boss Danny Isaac failed to make a $5 million contribution required under the rescue plan. 

Liquidators for defunct construction group Hastie have launched a bid in its Federal Court case against Hall & Wilcox to refer a $18.6 million bill from the law firm to a costs assessor.

A former director of collapsed Melbourne builder Shangri-La is being pursued by liquidators for $1.3 million in payments to related companies allegedly made in breach of his duties. 

Concerned Sequoia Wealth wants to limit liability for claims linked to the $1 billion collapse of the Shield and First Guardian funds, ASIC has asked a court to appoint receivers from KPMG to probe the sale of Interprac Financial Planning.

Construction company Impero Pacific Group has been placed into liquidation with a reported $21 million in debts.

The bankruptcy trustee for Dyldam Developments director Sam Fayad has raised concerns about upcoming sales of property in western Sydney, saying an $8 million loan secured against the real estate may be a "sham".