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Griffin Coal can’t get hands on docs in long-running spat with Carna Group
Energy & Natural Resources 2020-01-17 2:27 pm By Miklos Bolza

Struggling mining firm Griffin Coal has been denied access to documents while defending a consumer law case brought by the liquidators of a collapsed mining services firm.

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Former boss of music streaming platform Guvera disqualified for 2 years
Restructuring & Insolvency 2020-01-14 10:29 pm By Christine Caulfield

The head of failed global music streamer Guvera has been banned by the corporate regulator from managing corporations for two years for failing to avoid conflicts of interest or pay the company’s taxes.

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Harris Scarfe receivers get more time to hunt for buyer
Restructuring & Insolvency 2020-01-14 2:29 pm By Miklos Bolza

A Federal Court judge has given the receivers for Harris Scarfe four more months to find buyers for 39 of the struggling department store chain’s retail outfits, as they look to prevent the company from being wound up.

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Dick Smith class actions can tweak case against Deloitte
Class Actions 2020-01-13 5:02 pm By Miklos Bolza

The lead plaintiffs in two shareholder class actions against Dick Smith can amend their case against accounting firm Deloitte, less than two months before a mammoth hearing is set to commence.

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IOOF unit’s appeal targets Sparke Helmore
Legal Ethics 2020-01-13 4:48 pm By Miklos Bolza

An IOOF subsidiary has appealed a $76.6 million judgment finding it breached its duty in the sale of a 46,000 hectare plantation by collapsed forestry giant Gunns Group and shooting down its cross claim seeking to pass liability onto law firm Sparke Helmore.

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High Court’s Chorley ruling dooms Tucker & Cowen partner’s costs bid
Business of Law 2020-01-10 11:30 am By Miklos Bolza

A court has slashed the costs awarded to a Tucker & Cowen name partner in a lawsuit brought by the liquidators of failed fund manager Equititrust, citing a recent High Court ruling that found self-represented lawyers cannot recover their own expenses.

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Liquidators of failed broker Berndale Capital want to grill former execs
Restructuring & Insolvency 2020-01-09 7:58 pm By Christine Caulfield

The liquidators of Melbourne-based forex trader Berndale Capital have filed examination proceedings in the Federal Court seeking to question the company’s former CEO and its other directors.

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Bankruptcy trustee can rip up agreement giving litigation funder 85%
Restructuring & Insolvency 2020-01-09 2:42 pm By Miklos Bolza

A court has allowed a bankruptcy trustee to drop an “extremely disadvantageous” litigation funding agreement, which provided the funder with an 85 per cent commission, previously signed to pursue a Perth-based engineering and construction company.

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Ashurst partner’s appeal flops in Point Piper property spat with ex-judge
Appeals 2020-01-06 2:35 pm By Miklos Bolza

An Ashurst partner that argued a judge was “confused” when he decided to appoint liquidators to his luxury Point Piper home in a dispute with an ex-judge neighbour has lost his challenge to the ruling.

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Orinoco Gold investor wins bid to inspect books after share value tanks
Restructuring & Insolvency 2019-12-12 2:01 pm By Miklos Bolza

A shareholder of struggling gold company Orinoco Gold has been granted limited access to the company’s books after the firm was placed into administration on the back of an abysmal year on the ASX which saw it share value plummet by more than 97 per cent.

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