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Queensland Nickel liquidators appeal $100M loss in case against Clive Palmer
The liquidators of Clive Palmer's Queensland Nickel are appealing a win for the billionaire in their case over the collapse of the refinery in 2016, which centred on $102 million in loans allegedly paid by Queensland Nickel to Palmer's Mineralogy.
Special purpose liquidators appointed by judge to investigate claims against Phoenix directors
A judge has appointed special purpose liquidators to investigate the affairs of failed VET provider Phoenix Institute and its directors after the Commonwealth complained of "a difficult working relationship" with the training company's current liquidators.
Judge appoints referee to look at Halifax liquidators’ fees
A referee has been appointed to examine the fees for the liquidators of stockbroker Halifax Investment Services, which collapsed in December 2018, trapping around $200 million in client funds.
Virgin bondholders attempt to block sale to Bain
Virgin Australia unsecured bondholders have launched an application with the Takeovers Panel in a bid to stop the sale of the embattled airline to Bain Capital, claiming certain elements of the administration process were “unacceptable”.
Hall & Wilcox picks up insolvency partner from McCullough Robertson
Hall & Wilcox has lured an insolvency ace from McCullough Robertson to bolster its insolvency and commercial litigation team in Brisbane.
Top barrister retained interest in Mark Elliott’s funding co. after wife sold shares, court told
Court documents sought to be kept confidential in a case alleging professional misconduct against barrister Norman O'Bryan SC in his role as counsel for a class action over the collapse of Banksia Securities accuse the top silk of continuing to have an interest in the funder that bankrolled the proceedings after his wife was said to have sold her shares.
Virgin administration ignites legal fight over jet engines
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.
‘The scheme has failed’: Court appoints provisional liquidators to Mayfair’s IPO Wealth
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.
Mayfair 101 founder denies troubled fund a Ponzi scheme
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.
Mark Elliott’s bank records sought in Banksia class action fee dispute
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.