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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. 

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Insurer Marsh breached obligation in case over $7B Greensill collapse: court
Insurance 2024-11-13 11:16 pm By Cindy Cameronne

A unit of insurer Marsh breached its obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill by using them in an anti-suit injunction bid in the UK, a court has found.

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Domestic airfares soared after collapse of regional carrier Rex, ACCC finds
Competition & Consumer Protection 2024-11-12 2:32 pm By Julia Kanapathippillai

Australia’s consumer regulator has found that domestic airline customers are facing less choice and higher prices following the collapse of regional airline Rex.

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Dixon Advisory director reasonably relied on Minters advice, court finds
Financial Services 2024-11-06 4:38 pm By Sam Matthews

A judge has dismissed the corporate regulator’s case alleging former Dixon Advisory director Paul Ryan breached his director’s duties.

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Rugby Australia mulls cross-claim against Melbourne Rebels directors
Restructuring & Insolvency 2024-10-31 11:44 pm By Sam Matthews

Rugby Australia is considering an insolvent trading cross-claim against the directors of the Melbourne Rebels, in a suit by the failed team which was cut from next year’s Super Rugby Pacific competition.

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Clive Palmer’s nephew tells High Court he’s beyond reach of contempt
Appeals 2024-10-28 10:52 am By Andy Sidler

Clive Palmer’s nephew has applied to the High Court for review of a decision rejecting his bid to dodge contempt proceedings, arguing he did not submit to the court’s jurisdiction.

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Greensill Bank administrator wins tit-for-tat injunction against Marsh
Insurance 2024-10-16 11:24 pm By Sam Matthews

In the tangled legal fallout of the $7 billion collapse of Greensill Capital, the administrator of the failed financier’s bank has secured a so-called anti, anti-suit injunction against an arm of insurer Marsh.

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‘Audacious fraud’: Banks win $500M case against Forum Finance directors
Financial Services 2024-10-11 1:32 pm By Sam Matthews

Westpac and two other lenders have won their cases alleging they were scammed out of $500 million in loans to the Forum group of companies.

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Rugby Australia hit with legal action by Melbourne Rebels
Restructuring & Insolvency 2024-10-09 11:54 pm By Christine Caulfield

The directors of the Melbourne Rebels have launched court action against Rugby Australia after the team was cut from next year’s Super Rugby Pacific competition.

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Keystone receivers win freezing order extension against developer
Restructuring & Insolvency 2024-10-07 11:08 pm By Cindy Cameronne

Court-appointed receivers of investment firm Keystone have won an extension to a freezing order against a Melbourne developer who is suspected of receiving $160 million in investor funds. 

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