Restructuring & Insolvency

A former director of collapsed AI start-up Strongroom wants the cap on his living expenses removed or increased, telling the court he is unable to pay for legal expenses under the current $80,000 annual allowance.

Mallesons' fight to stop the liquidators of defunct developer FSM from examining a former firm lawyer has been pushed to next year in light of a Full Court appeal over whether non-parties summoned for liquidator exams can seek reviews of registrar's orders.

Administrators of collapsed supply chain finance company Greensill Capital have reached a settlement with GFG Alliance's Liberty companies, resolving a case that was set for trial beginning Tuesday.

The bankruptcy trustees of a former director of Sydney builder Quasar have won their bid to be joined to proceedings by the company's liquidators over money he allegedly transferred to his former wife, over her objections.

Rising costs and evolving shopping trends have forced 188-year-old department store David Jones into voluntary administration, a day after its landlord revealed the retailer had not paid rent since September.

The company behind the $1 billion Golden Beach gas storage project in Gippsland has fallen into administration, a fortnight after the Victorian government approved its licence.

The property developer linked to collapsed investment funds Shield and First Guardian took the stand in court on Wednesday to face a grilling by liquidators, as investigators try to claw back the $1 billion in missing investor funds.

Department store brand David Jones has not paid rent since September and its private equity owner has rejected a "generous offer" to continue trading, landlord Scentre Group has said.

Liquidators for the Tahmoor coal mine in NSW have told a judge they fear confidential information could be misused if law firm Norton Rose Fulbright continues to act for two companies linked to steel tycoon Sanjeev Gupta. 

Mallesons has asked a court to set aside an examination summons filed by the liquidators of defunct developer FSM against a former senior associate of the firm.