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Construction PRO
Court hears of accounts ‘oddities’ as trial against Dyldam directors begins
Restructuring & Insolvency 2025-07-07 11:23 pm By Andy Sidler

A liquidator has opened his case over the alleged misuse of funds by now defunct Dyldam Developments, as the court hears of “oddities” in financial records and the spaghetti-like structure of 157 interrelated entities.

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Construction PRO
Dyldam hits back at claims it misused $74M from sale of Parramatta property
Construction 2025-05-14 11:37 pm By Cindy Cameronne

Collapsed Sydney developer Dyldam has denied wrongdoing in a lawsuit alleging members of the Fayad family used $74 million in sale proceeds for personal benefit and sought to conceal that fact from business partners.

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Construction PRO
Dyldam says Special Gold liquidator’s claims ‘hopeless’
Restructuring & Insolvency 2025-04-02 11:44 pm By Andy Sidler

Collapsed Sydney developer Dyldam has told a court that a liquidator’s claim for breach of directors’ duties is “hopeless” as the company was under a deed of company arrangement at the relevant time.

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High Court upholds rejection of liquidator’s bid for pooling orders
High Court 2024-09-11 11:22 pm By Cindy Cameronne

The High Court has rejected a liquidator’s appeal arguing that two NSW printing press companies’ joint right to sue could be pooled to pay off debts for the entire corporate group.

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High Court to clarify availability of pooling orders
Restructuring & Insolvency 2023-09-18 9:55 pm By Cat Fredenburgh

The High Court has agreed to take up a case by a liquidator for two related NSW printing companies that could settle the question of whether pooling orders are available for businesses with common right to sue.

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Sargon liquidators resolve $540,000 case against King & Wood Mallesons
Restructuring & Insolvency 2023-07-24 11:21 pm By Christine Caulfield

The liquidators of collapsed Sargon Capital have resolved their unfair preference case against King & Wood Mallesons over $540,000 in fees the law firm was paid for work advising the fintech before it went under.

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King & Wood Mallesons ignored Sargon liquidators’ demand for $540,000, court told
Restructuring & Insolvency 2023-05-30 10:53 pm By Sam Matthews

A lawsuit by the liquidators of Sargon Capital alleges law firm King & Wood Mallesons “refused or neglected” a demand to return over $540,000 in alleged unfair preference payments and should have known the fintech was insolvent when the payments were made.

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Sargon liquidators take Diversa to court, mull insolvent trading claims against directors
Restructuring & Insolvency 2023-04-18 11:01 pm By Christine Caulfield

Liquidators of Sargon Capital are pursuing a claim for $4 million against super trustee firm Diversa and are investigating potential insolvent trading claims against the collapsed fintech’s directors.

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High Court asked to revive pooling orders for businesses with common right to sue
Restructuring & Insolvency 2023-03-20 4:58 pm By Cindy Cameronne

A liquidator for two related NSW printing companies has launched a High Court challenge to overturn a judgment finding a joint right to sue another business for $330,000 could not be combined in a pooling order. 

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Star drops trade mark suit against Momento Hospitality over new hotel
Intellectual Property 2023-03-01 11:27 pm By Christine Caulfield

Casino operator Star Entertainment has settled a lawsuit against Momento Hospitality and CEO Marcello Colosimo over the name of their latest western Sydney pub, registered as The Star Hotel.

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