Most Recent
Hall & Wilcox has lured an insolvency ace from McCullough Robertson to bolster its insolvency and commercial litigation team in Brisbane.
A US-based aviation leasing company has launched proceedings against Virgin Australia and its administrators, seeking possession of aircraft engines and other parts in the first legal challenge to the conduct of the administration.
A court has appointed provisional liquidators to the IPO Wealth Group, rejecting claims by the firm's sole director that the move would severely damage his reputation and that of the wider Mayfair group.
The embattled founder of Mayfair 101 investment group has denied allegations that its $80 million IPO Wealth fund is a failed Ponzi scheme as he fights the appointment of a provisional liquidator to the fund.
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 the bank records of deceased class action lawyer and funder Mark Elliott and associated companies. Meanwhile, the barrister for the lead applicant has returned her brief on the eve of trial, on the advice of the bar ethics committee.
Citing the "crippling financial impact" of the coronavirus pandemic, Australian swimwear company Seafolly has become the latest fashion retailer to enter voluntary administration.
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 of a US-based laundry equipment provider.
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 and compelling" bid to keep Australia’s second airline operating and secure the jobs of thousands of workers.
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 overturned by an appeals court.
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 due to the COVID-19 pandemic, undergoes an urgent restructure in Thailand.