Restructuring & Insolvency

Former Keystone Asset Management director Paul Chiodo has been ordered to produce books in his possession as well as bank account statements of family members, as he defends himself in a case over alleged misappropriated money.

Twenty-one former property owners at the site of the troubled 55-storey Halo Project skyscraper in the Sydney CBD have won access to a contract entered with Cbus Property shortly before developer FT Sydney went into administration. 

A judge has refused to allow Forte Construction to file a late amended defence after it failed to comply with three orders in a $3 million case brought by the liquidators of collapsed real estate fund manager iProsperity, saying the court was being treated with “absolute contempt”.

Former Keystone Asset Management director and developer Paul Chiodo has been ordered to produce books in his possession as well as bank account statements of family members, as he defends himself in a case over alleged misappropriated money.

Insolvency firm Cor Cordis says its ex-chair’s claims that it "confected" reductions to its work in progress to avoid paying his full retirement entitlements should be struck out.

Two bidders are vying to acquire troubled steelmaking facility Whyalla Steelworks in South Australia, beating out more than 70 competitors.

The owners corporation of a 36-unit apartment block in North Sydney that has been locked in a long-running fight with the developers over defects has won $2.5 million after the parties settled on the eve of the trial.

A developer linked to Keystone Asset Management has failed to persuade the Full Federal Court to exempt three family trusts from a $158 million freezing order.

The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard. 

A case launched by the directors of the defunct Melbourne Rebels against the club's administrators, which sought to avoid liability for players' PAYG tax, has been discontinued.