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Judge OKs Banksia receiver’s $10M deal with Mark Elliott estate, notes perversity of trust law
Class Actions 2025-07-07 11:53 pm By Cindy Cameronne

A judge has given the greenlight to a $10 million settlement with entities linked to late solicitor and Banksia class action mastermind Mark Elliott, noting the “perverse” difficulty of recovering more of the $70 million in assets held on trust.

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Baker McKenzie grows banking practice with Norton Rose partner
Business of Law 2025-07-07 11:51 pm By Julia Kanapathippillai

Baker McKenzie has poached a banking and finance partner from Norton Rose Fulbright.

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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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Provisional liquidators appointed to Melbourne developer Lion Property
Construction 2025-07-04 11:59 pm By Julia Kanapathippillai

A court has appointed provisional liquidators to Melbourne developer Lion Property Group after hearing that $120 million of investor money was not properly accounted for.

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Crown Group offloads Sky Suites in year’s biggest Sydney hotel deal
Real Estate 2025-07-03 11:54 pm By Cat Fredenburgh

A receiver for collapsed developer Crown Group has sold the Sky Suites Sydney Hotel for a reported $68 million to a Singapore-based company.

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Roberts Co creditors vote in favour of founder’s DOCA pitch
Restructuring & Insolvency 2025-06-30 11:06 pm By Christine Caulfield

A restructuring proposal by the founder of Roberts Co has won the approval of creditors of the developer, which are owed a total of $100 million.

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iProsperity liquidators win OK for retainer to pursue $45M claim against Crown
Real Estate 2025-06-30 11:11 pm By Julia Kanapathippillai

Liquidators for iProsperity have been given the greenlight to enter into retainers with Norton Rose Fulbright to pursue claims against the defunct property group’s general manager and Crown Melbourne.

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ASIC takes action against companies of steel baron Sanjeev Gupta
ASIC 2025-06-27 11:13 pm By Cat Fredenburgh

The corporate regulator has brought action against three companies in Sanjeev Gupta’s steel empire, alleging the businesses have defaulted on their obligations to lodge annual financial reports.

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Banksia mastermind to pay $10M to group members, despite $70M in assets
Class Actions 2025-06-26 11:41 pm By Cindy Cameronne

Entities linked to the late solicitor Mark Elliott are set to pay $10 million to settle claims by Banksia class action members, despite a related company owning $70 million on trust, a court has heard. 

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Snowdon liquidators go after building suppliers for insolvent payments
Restructuring & Insolvency 2025-06-27 11:42 pm By Christine Caulfield

Liquidators of Snowdon Developments have brought proceedings against building suppliers to claw back more than $2 million in payments they say were made while the Victorian developer was insolvent.

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