Most Recent
Property developers accused of ‘gaming the system’ at GST class action trial
Class Actions 2019-05-01 10:58 pm By Amelia Birnie

Multiple Canberra property developers have been accused of deliberately trying to avoid repaying GST to home buyers at the outset of a class action trial involving almost 500 apartment owners.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge signs off on Halifax liquidators’ plan to email creditors
Restructuring & Insolvency 2019-05-01 10:12 pm By Cat Fredenburgh

Creditors of defunct stockbroker Halifax Investment may soon get emails from the company’s liquidators, after a judge signed off on their request to keep creditors abreast of developments in the defunct’s trading platform’s liquidation proceedings electronically.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge won’t kill claim that court can wind up foreign company with no Aussie biz
Restructuring & Insolvency 2019-04-29 9:14 pm By Christine Caulfield

A judge has refused to summarily dismiss a claim that the Federal Court has inherent power to order the winding up of a foreign company even if the company has no business in Australia and is not subject to the Corporations Act.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Forex trader Berndale Capital placed into receivership
Restructuring & Insolvency 2019-04-26 12:48 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has won its bid for a court order placing Melbourne-based forex trader Berndale Capital into receivership for allegedly failing to safeguard client money.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Deloitte can’t escape class action claims over failure of Dick Smith
Class Actions 2019-04-11 9:36 pm By Christine Caulfield

Accounting giant Deloitte has failed in its bid to strike out claims made in two shareholder class actions alleging it was careless in auditing the financial statements of electronics retailer Dick Smith ahead of its collapse in 2016.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Liquidators settle case over collapse of funder Centaur Litigation
Restructuring & Insolvency 2019-04-08 11:30 pm By Christine Caulfield

Liquidators of failed Centaur Litigation have reached a settlement in their lawsuit against the accountant of fraudster Scott Williams, who was accused of lying to hide his knowledge of a Ponzi scheme that misappropriated $32 million and led to the collapse of the funder.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

New laws target insolvent companies that try to dodge worker entitlements
Restructuring & Insolvency 2019-04-04 11:39 pm By Cat Fredenburgh

The Federal Parliament has passed laws that impose stricter penalties on company directors that try to shirk their duty to pay employee entitlements during an insolvency. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Lawsuit claims HWL partner helped divert insurance proceeds to settle legal tab
Legal Ethics 2019-04-03 11:29 pm By Cat Fredenburgh

An insolvent mobile ticketing company wants a slew of documents from HWL Ebsworth related to its allegations that an HWL partner aided its former directors in diverting the proceeds of a life insurance policy to pay money owed to the firm.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Termite Resources directors must pay $7M for keeping insufficient cash on hand
Restructuring & Insolvency 2019-03-21 3:21 pm By Christine Caulfield

A judge has ordered directors of collapsed mining company Termite Resources to pay $7 million in damages after finding they breached their duty by distributing more than $46 million to its parent company and failing to maintain a cash reserve of at least $10 million.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Receivers can pay priority claims of employees directly, judge rules
Construction 2019-03-20 10:32 pm By Christine Caulfield

Receivers, not just liquidators, can distribute assets to satisfy priority claims of an insolvent company’s employees, a judge has ruled, settling a question of law under the Corporations Act.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?