Termite Resources directors appeal $7M damages ruling for liquidators
Restructuring & Insolvency 2019-05-23 1:57 pm | Melbourne
The former directors of collapsed mining company Termite Resources have appealed a ruling ordering them to pay $7 million in damages for allegedly breaching their duty by distributing more than $46 million to Termite’s parent company and failing to maintain a cash reserve of at least $10 million.
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