Chinese lender Aoyin wants to join Baker McKenzie to its claims against PwC over a failed bid to launch the first Chinese bank incorporated in Australia, after advice documents from the law firm were uncovered in a last-minute privilege fight.
Food dip producer Obela Fresh Dips & Spreads has won a $3 million judgment against a former director who defrauded the company of millions of dollars, lied about his wife’s suicide and fled the country.
Slater and Gordon has won a bid to strike out parts of a cross-claim seeking injury compensation for alleged bullying at the law firm brought by a solicitor accused of stealing clients after jumping ship.
To avoid a creditor panic in the midst of the COVID-19 health crisis, the NSW Supreme Court has appointed a receiver instead of a liquidator to a rural hotel that is the centre of a deadlocked shareholder dispute over more than $2.7 million.
A liquidator who āprovoked litigationā must personally pay the costs of the proceedings brought by a creditor of defunct company Azmac because of his āunreasonableā handling of the company’s liquidation, a court has found. Ā
A judge has set aside a liquidator’s bid for public examination of National Rugby League boss Todd Greenberg and another high-ranking officer, finding the summonses were an “abuse of process” and that the company behind them had entered into liquidation for the sole purpose of grilling the officials.
A shareholder of struggling gold company Orinoco Gold has been granted limited access to the company’s books after the firm was placed into administration on the back of an abysmal year on the ASX which saw it share value plummet by more than 97 per cent.
A US institutional investor can use hindsight evidence in its breach of contract case against a former ANZ Bank trustee over the winding up of failed defence tech firm Metal Storm.
The liquidators of Atlas Construction have won access to advice supplied by law firm Ashurst as they pursue examination proceedings against two of the company’s former directors.
A group of unsecured creditors of ‘Diamond Joe’ Gutnik’s mining firm Merlin Diamonds has launched a NSW Supreme Court bid to preserve their rights over security interests in the company as the clock ticks down to its impending liquidation.