Restructuring & Insolvency

Greensill investor White Oak is fighting insurer Tokio Marine's claim of privilege over a report by a Japanese law firm into the collapse of the supply chain financier, saying the privilege is not recognised in Australia.

The liquidators of GFG Alliance's Tahmoor Coal have lost their appeal of a decision over a royalties deed in favour of former owner Glencore.

Hall & Wilcox has resolved a Federal Court case by the liquidators of Hastie over the law firm's $18.6 million bill for its previous representation of the defunct construction company.

The former chief executive officer of Big Un, Richard Evans, has been convicted and sentenced for communicating insider information to a shareholder of the defunct video producer.

A former Warwick Gold and Impact Gold director is banned from managing corporations for the next four years, after the $44 million collapse of the mining companies.

A judge has hit the liquidators of failed construction giant Ralan with costs following an adjourned hearing, but declined to find the use of AI was cause for an adverse costs order.

Short-term financing for embattled developer Bathla Group has been exhausted and discussions with lenders have collapsed, leaving administrators no recourse but to progress a sale of the company's assets.

The liquidators of a subsidiary of collapsed media company Big Un have lost their case against financier First Class Capital alleging a three million share purchase was part of a scheme to inflate the company's stock price. 

Japan-based Optimus has sued Grant Thornton for allegedly giving negligent restructuring advice following its acquisition of dealership group Autopact, which resulted in the company owing $3 million in stamp duty, income tax and other costs.

Administrators of OneSteel Manufacturing secured an extension of time to hold a second creditors' meeting after shuttering the Whyalla steelworks' blast furnace, as they continue sales talks.