Restructuring & Insolvency

The liquidators of a subsidiary of collapsed media company Big Un have lodged an appeal after a judge tossed 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. 

The liquidators of the Tahmoor coal mine want to restrain Norton Rose Fulbright from acting for two companies linked to Sanjeev Gupta, a court has heard. 

Insurance underwriter Tokio Marine has denied misleading US investment firm White Oak by staying silent on alleged issues with an IAG policy keeping Greensill's supply chain financing business operating. 

Clive Palmer's fugitive nephew and one-time Queensland Nickel director Clive Mensink has been found guilty of contempt for failing to comply with orders for him to be examined by liquidators.

Tossing a case by Tahmoor Coal's liquidators over a royalty deed that gave Glencore payments in perpetuity and impacted the company's sale price, an appeals court has found the deed was not unprofitable just because creditors might get a better return without it.

A judge has largely refused a bid by DGR Global to amend its “tortured” case against Baker McKenzie and others for a fourth time, calling the changes "renovations rather than mere repair". 

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.