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Associate of Graaf Group founder can’t block sale of $22M Potts Point property
Real Estate 2025-02-04 11:44 pm By Sam Matthews

A judge has rejected an “ambitious and novel” freezing order sought by a creditor and former associate of bankrupt Graaf Group founder Gennaro Autore over a $22 million boutique hotel in Potts Point.

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Armour takeover case against Baker McKenzie can’t boost damages to $135M
Corporate 2025-01-31 11:54 pm By Sam Matthews

A judge has rejected a new pleading that would have upped the damages to $135 million in a case by a shareholder of failed energy company Armour Group alleging law firm Baker McKenzie was knowingly involved in a plan to take control of the company for cheap.

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Court finds public interest in ACCC’s case continuing against Noni B owner
Competition & Consumer Protection 2025-01-30 3:37 pm By Andy Sidler

A court has given the consumer watchdog the OK to pursue its case against Mosaic Brands over alleged misleading delivery times, despite hearing the company will likely be liquidated.

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Bankrupt mining exec’s mum must turn over $6M from Rose Bay property sale
Restructuring & Insolvency 2025-01-28 11:09 pm By Julia Kanapathippillai

The mother of bankrupt mining boss Ian Stolyar must pay $6.2 million from the proceeds of the sale of a Rose Bay property to the trustee of his bankrupt estate.

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Gov’t throws Rex a lifeline with $50M debt acquisition
Aviation 2025-01-23 1:19 pm By Julia Kanapathippillai

The federal government will take on $50 million of Rex Airlines’ debt to keep the troubled regional carrier flying.

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Construction PRO
Defunct landbanking scheme Aviation 3030 recovers $1.7M duty from director
Restructuring & Insolvency 2025-01-28 9:45 pm By Cindy Cameronne

The liquidators for landbanking company Aviation 3030 can recover half of a $3.4 million landholder duty from a former director, after a judge found they reaped benefits from indirect ownership in land sold for $135 million in 2018. 

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Baker McKenzie, others win $3.5M security in Armour takeover case
Restructuring & Insolvency 2025-01-20 11:41 pm By Andy Sidler

A shareholder and creditor of failed energy company Armour Group will have to front $3.5 million in security in its case against law firm Baker McKenzie and others ahead of an upcoming trial.

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Gunns creditor returns to High Court in protracted spat with liquidators
Restructuring & Insolvency 2025-01-15 10:13 pm By Cindy Cameronne

A creditor of defunct forestry giant Gunns Plantations has filed a High Court challenge after it didn’t pay the company a $1.2 million judgment that confirmed the peak indebtedness rule does not apply in insolvency law.

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Babcock & Brown shareholders can’t stay costs orders in failed 10-year-old case
Appeals 2025-01-07 5:58 pm By Cindy Cameronne

Shareholders in collapsed financial services firm Babcock & Brown have lost their bid to stay costs orders after losing a ten-year-old dispute.

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Investor class action against Linchpin insurer AIG prevails
Class Actions 2024-12-19 11:21 pm By Sam Matthews

An investor class action against failed advisory firm Linchpin Capital and its former directors has won its bid to claim its losses against a $10 million insurance policy from AIG.

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