Most Recent
Liquidator loses appeal to block evidence as ATO aims at 10 year ban
Restructuring & Insolvency 2019-03-11 8:47 pm By Christine Caulfield

An appeals court has dismissed a challenge by Veritas Advisory principal liquidator David Iannuzzi to the admissibility of evidence submitted by the Australian Taxation Office in the agency’s case seeking compensation and a 10-year ban.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ex-director, insolvency advisers charged with money laundering after ASIC probe
White Collar 2019-03-05 2:14 pm By Cat Fredenburgh

A former director of insolvent Telstra dealer Cap Coast Telecoms and two former insolvency advisors have been charged with laundering money and breaching their director duties.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Funder asks High Court to take another look at $64M Banksia settlement
Appeals 2019-02-27 11:15 pm By Cat Fredenburgh

A litigation funder wants the High Court to review a court decision’s to approve a $64 million settlement in litigation over the failure of Banksia Securities while rejecting the funder’s commission and legal fees.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ex-PPB Advisory liquidator suspended for pilfering $800k
Restructuring & Insolvency 2019-02-27 4:35 pm By Cat Fredenburgh

A former PPB Advisory liquidator has had his licence suspended after a disciplinary committee found he acted dishonestly in transferring $800,000 from the account of a company in liquidation into a bank account he controlled.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Clive Palmer loses appeal of order freezing $200M in assets in Queensland Nickel case
Restructuring & Insolvency 2019-02-25 10:10 pm By Christine Caulfield

Clive Palmer has lost a bid to overturn an order freezing more than $200 million in his personal assets in a case brought by the liquidators of collapsed Queensland Nickel.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge orders recalculation of ‘excessive’ $5.8M bill by liquidators of SK Foods unit
Restructuring & Insolvency 2019-02-14 10:02 pm By Christine Caulfield

A $5.8 million bill for four years’ work by the liquidators of SK Foods unit Cedenco has been criticised by a judge as “outside the band of reasonable remuneration” and will have to be recalculated.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

AIG appeals ruling in Kaboko Mining D&O coverage dispute
Insurance 2019-01-30 3:43 pm By Christine Caulfield

AIG Australia has appealed a decision that found it’s liable for covering four former directors being sued by collapsed Kaboko Mining after a failure to repay a US$5.95 million loan allegedly led to the company’s insolvency.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge waives opt out notice in HIH Insurance class actions
Restructuring & Insolvency 2019-01-09 11:41 pm By Cat Fredenburgh

A judge has dispensed with the opt out notice requirement in two class actions filed in administration proceedings related to the spectacular collapse of HIH Insurance.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Art collectors won’t get their day in court against failed auction house Mossgreen
Restructuring & Insolvency 2018-11-28 3:22 pm By Cat Fredenburgh

The judge overseeing the complex liquidation of failed auction house Mossgreen has denied leave to proceed to vendors who received nothing from the sale of their art collections.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC seeks provisional liquidators for Chinese bottled water co.
Restructuring & Insolvency 2018-11-26 10:44 am By Cat Fredenburgh

ASIC wants provisional liquidators appointed to Chinese bottled water supplier Tianmei Beverage to determine whether the company has breached the Corporations Act and should be wound up, just two years after the company went public.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?