Restructuring & Insolvency

Two Liberty Steel companies want a case brought in NSW by administrators for collapsed supply chain finance company Greensill to be put on hold while a related case in the UK is on foot.

A Victorian construction company is seeking indemnity costs against the company that unsuccessfully pursued a winding-up application against it, as well as a personal costs order against its director.

Four Sydney venues owned by Jon Adgemis, including the South Bondi Hotel, have sold shortly after being listed, following a declaration that the former KPMG partner-turned-hospitality-mogul is bankrupt.

Builder Maxcon, financier Maxcap and mortgage broker ACMC are caught up in litigation over certificates of title underlying collapsed developer APH Holding’s $320 million Wellington Health precinct in Melbourne's Box Hill.

A court has largely set aside examination orders against executives and solicitors for oil and gas company Moreton Resources and MRV Metals, finding they were an abuse of process. 

A creditor of developer The Gosford has filed an appeal in a dispute over a $185 million property in Sydney, after a judge found that $48 million owed by builder Shinetec to its parent company after the developer called on a letter of credit fell within the definition of ‘secured money’.

A former White & Case lawyer with experience in Australia and in New York has returned to the firm’s Sydney office as a partner after a stint at King & Wood Mallesons

The purchaser of the site of the 108-room hotel Continental Hotel Sorrento has sued a consortium that rescued the development after it hit financial troubles, claiming it was excluded from the final stages of the receivership.

A judge has removed a liquidator from the winding up of a Victorian cabinetry business, finding he failed to act honestly by settling unfair preference claims with tax agencies without disclosing key information. 

A judge has refused to set aside a deed of company arrangement passed by creditors of construction company Mercon, finding that the owners corporation of a 33-unit development has not proved the value of its $4.2 million claim.