Most Recent
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.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

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. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

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.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

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.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

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.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

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.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Collapsed Mosaic Brands owes creditors over $245M
Restructuring & Insolvency 2024-11-26 11:07 pm By Christine Caulfield

Collapsed fashion retailer Mosaic Group owes creditors over $245 million, according to a report released by the company’s administrators.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Cornwalls hits back at $4.8M negligence suit by former client
Professional Negligence 2024-11-21 4:51 pm By Cindy Cameronne

Law firm Cornwalls has denied claims by a former client that it acted negligently and caused it to enter receivership, resulting in $4.8 million in losses. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Settlement reached with ‘highly unethical’ mastermind of Banksia class action
Class Actions 2024-11-15 11:27 pm By Christine Caulfield

Entities linked to late solicitor Mark Elliott have offered a settlement to end the pursuit of damages for Banksia class action members, but the deal would leave a significant sum held on trust by the Elliott parties out of reach.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ex-Keystone director may claim penalty privilege in receivers’ lawsuit
Restructuring & Insolvency 2024-11-15 11:54 pm By Cindy Cameronne

A former director of investment firm Keystone, who is suspected by the corporate regulator of misusing millions in investor funds, has flagged a potential bid to keep his silence in a case by court-appointed receivers. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?