Restructuring & Insolvency

A judge has approved a bid by administrators of Rex to delay the next creditors’ meeting to continue talks with several potential buyers of the regional airline.

Property developers Paul Chiodo and Robert Filippini want to stay proceedings by Keystone's receivers over $150 million allegedly laundered through City Built's construction projects, citing "quite likely" criminal charges. 

Sharvain Façades has won extra time to convene a second creditors' meeting to pursue a $3.28 million win against Roberts Co, but not based on the argument that SOPA says its liquidation would bar enforcement of the judgment.

A dispute over a scuppered transaction between the director of collapsed Keystone and the owner of the Marriott Hotel in Venice has been settled.

The High Court has rebuffed the CFMEU’s constitutional challenge to legislation used to facilitate its takeover by the federal government, rejecting an argument that the laws were enacted with the illegitimate aim of suppressing the union’s political activities.

Contesting $17.8 million in fees billed by law firm Hall & Wilcox, the liquidators of collapsed engineering firm Hastie Group have told a court there was no written costs agreement between the parties. 

A judge has raised concerns that if he grants orders sought by the administrators of collapsed builder Sharvain Facades to delay a creditors meeting, it will prioritise the interests of its creditors over those of Roberts Co.

A judge has found that the former liquidator of developer North Shore did not rely on an appraisal of a residential block in settling a dispute over the alleged uncommercial sale of four units in a Lane Cove development, despite finding it was likely not a genuine document. 

Professional services giant KPMG has reached a settlement in a shareholder class action over the failure of mining company Cudeco.

The deadline looms for a creditors' meeting to decide the future of collapsed building company Sharvain Façades, but its administrator wants a court to stop the clock, concerned a vote for liquidation will thwart recovery of $3.2 million from Roberts Co.