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A group of contractors have launched a $78 million class action against National Australia Bank, two insolvent units of Waltons Australia and the company's director, seeking compensation for unpaid work done prior to the company's collapse.
The liquidators of failed construction company Walton Construction are seeking to reinstate and then wind up a unit of restructuring advisory firm Mawson Group, which was hired to extricate Walton from $18.8 million in debts with National Australia Bank prior to its collapse.
The Australian Competition and Consumer Commission has won its bid to continue proceedings against the insolvent operator of the Jump! swim school franchise and its director, with a court finding the case was in the public interest.
William Roberts Lawyers and a litigation funder are investigating potential claims by property purchasers and investors against Ralan Group after the developer entered administration and creditors were warned to "prepare for a poor outcome".
Two former directors of collapsed business and IT solutions provider Starcom Group have failed in their attempt to toss a referee's report that found the company was insolvent 22 months before it was wound up.
The liquidators of Plutus Payroll Australia, the company at the heart of a high profile $105 million tax fraud, can determine that claims made during the liquidation by some of its 4,500 workers are not claims of employees and do not need to be prioritised.
A judge has consolidated two concurrent cases against the former directors and auditors of collapsed construction company Forge Group, after warning the overlapping actions needed to be carefully managed to avoid it becoming an “unrideable bull”.
The competition regulator is opposing a deal to combine two of Australia's largest manufacturers of chilled ready meals, and fired a warning shot to companies and administrators who fail to ensure the watchdog is notified of deals with close competitiors.
A recent Federal Court decision means cooperation between courts in different international jurisdictions, which would once have been regarded as entirely novel, may now be a welcome option for liquidators to achieve a more efficient liquidation of insolvent corporate groups, writes K&L Gates' Jason Opperman, Katherine Smith and Catherine Crawford.
Businessman Clive Palmer has lost an application to put a stop to a trial in a case brought by the liquidators of collapsed Queensland Nickel after arguing the proceeding was continuing largely to pay the litigation funder bankrolling the case.