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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.
Engineering and infrastructure firm RCR Tomlinson has been put into administration, a few days after being hit with a shareholder class action over $57 million in write-downs on two of its North Queensland solar farms.
The accountant and best friend of fraudster Scott Williams "prevaricated and lied" to hide his knowledge of the Centaur Litigation Ponzi scheme that misappropriated $32 million and led to the collapse of the litigation funder, a court has heard.
The former directors of Starcom have lost their bid to stay proceedings brought by the company's liquidator alleging they knew the IT solutions provider was insolvent almost two years before it was wound up.
The accountants for fraudster Scott Williams, the man behind the multi-million dollar Ponzi scheme Centaur Litigation, lost a bid to amend their defence to limit their liability in a $32 million case brought by liquidators of the failed funder.
A judge has found the former director of Sydney-based insolvency practice CRS Warner Kugel is entitled to compensation after he was "ambushed" out of the firm in 2014.
A judge has shot down a bid by Clive Palmer to block the liquidators of Queensland Nickel from making enquiries as to the whereabouts of his fugitive nephew, the sole registered director of the refinery when it collapsed.
Billionaire Clive Palmer has succeeded in knocking a second judge off a case brought against him by the liquidators of failed Queensland Nickel, after arguing that a previous ruling disqualified him.
A month after successfully arguing for the recusal of a state Supreme Court justice from an upcoming trial over the collapse of Queensland Nickel, Clive Palmer is calling for the replacement judge to step down, alleging he too is biased against him.
The NSW Supreme Court has approved a $44.25 million settlement of two class actions against the trustees of failed debenture issuer Provident Capital, including $12.8 million in legal fees for Slater and Gordon and $4.3 million for funder Litman Holdings.