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Clive Palmer’s wife can’t dodge liquidators’ grilling over Mineralogy’s assets
Liquidators for the failed Queensland Nickel will be able to interrogate Clive Palmer's wife over the assets of her husband's other company, Mineralogy, after telling a court they feared Palmer was squandering company funds on his political campaign.
Liquidator loses appeal to block evidence as ATO aims at 10 year ban
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.
Ex-director, insolvency advisers charged with money laundering after ASIC probe
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.
Funder asks High Court to take another look at $64M Banksia settlement
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.
Ex-PPB Advisory liquidator suspended for pilfering $800k
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.
Clive Palmer loses appeal of order freezing $200M in assets in Queensland Nickel case
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.
Judge orders recalculation of ‘excessive’ $5.8M bill by liquidators of SK Foods unit
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.
AIG appeals ruling in Kaboko Mining D&O coverage dispute
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.
Judge waives opt out notice in HIH Insurance class actions
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.
Art collectors won’t get their day in court against failed auction house Mossgreen
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.