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WA-based land developer Tina Bazzo and her partner Allen Caratti have failed in their challenge to a ruling that liquidators' examinations should not be held in private despite a large scale ongoing criminal investigation of the pair.
A liquidator who ‘provoked litigation’ must personally pay the costs of the proceedings brought by a creditor of defunct company Azmac because of his ‘unreasonable’ handling of the company's liquidation, a court has found.
A judge has ordered that Joseph 'Diamond Joe' Gutnik's Merlin Diamonds be wound up after the mining company's provisional liquidators uncovered "serious contraventions" and a "serious failure of governance".
The litigation funder controlled by recently deceased class action lawyer Mark Elliott has lost its bid for a 12.5 per cent commission of a $5.5 million settlement secured by the special purpose receivers of Banksia Securities in its claim against the collapsed firm's former insurance broker.
The hunt for the missing Blackberry of deceased class action lawyer and funder Mark Elliott is over, and the located phone will now be examined by IT experts to see if it can be searched for potential evidence to be used as part of an investigation of alleged professional misconduct by the legal team behind a class action against failed Banksia Securities.
Measures to relax insolvency and bankruptcy laws to stem a possible wave of COVID-19 company collapses will not achieve their goal -- and if Australia enters a European-style lockdown it won't be a wave of insolvencies, it will be a tsunami, Lawyerly has been told.
A judge has criticised the parties in a land sale dispute over Sydney's Parklea Markets for failing to make progress to bring the case to a close, almost three months after a $4.25 million judgment was awarded to a company owned by local retail personality Con Constantine.
Australian swimwear retailer Tigerlily has filed for voluntary administration, citing unfavourable conditions for retailers as the coronavirus pandemic shutters all but non-essential services in major states.
Companies under financial strain from measures to stop the spread of the coronavirus will get a reprieve from insolvency and bankruptcy laws as the Federal Government looks to stem a possible tide of company collapses.
A former Russells restructuring and insolvency lawyer has resolved a lawsuit alleging the firm tried to manufacture a reason to terminate his unemployment.