Asset manager HMC Capital, which owns 11 private hospitals operated by embattled Healthscope, has reached a rent deferral deal with receivers and says other operators have expressed interest in taking up tenancy.
The receiver appointed a decade ago to claw back money for investors in failed Banksia Securities might seek the protection of a court order releasing him from proposed new proceedings, which would also target lawyers alleged to have breached their overarching obligations.
Insurer Marsh has fired off a cross-claim against Swiss bank UBS in several cases brought over Greensill’s $1.7 billion collapse.
The Commonwealth Bank has given Healthscope a $100 million lifeline as the embattled hospital giant appoints receivers to negotiate a sale.
The administrators of a Northern Territory iron ore company have won extra time to hold a second creditors meeting in hopes of securing a deed of company arrangement, despite protests from creditor Aurizon.
A US-based aircraft serves provider has lost its bid to pursue claims over a $3 million jet sale against discount airline Rex while it’s in administration. In a 16 May decision, the NSW Court of Appeal rejected the appeal of Jet Midwest, saying the primary judge did not err in finding its rights would be…
Medtech start-up Strongroom AI has lost its bid for a court order blessing its proposal to sell the company to SRSPV Pty Ltd prior to a second creditors meeting.
Allens has added a Baker McKenzie partner to its restructuring practice in Sydney.
Liquidators of the ABD Group of construction companies have won a brief reprieve from the three-year limitation period to launch voidable transaction cases worth up to $23.2 million.
The liquidators for defunct Perth builder Modco Residential have won court approval to bring claims for unfair preferences and unreasonable director-related transactions against multiple defendants in one “mothership” case.