Creditors of the failed Arrium Group have won access to documents handed over by third parties to the company’s administrators for possible civil proceedings against the steel producer, which collapsed owing $2.3 billion.
An investor suing property investment group Aviation 3030 can’t avoid payment of half a million dollars in security for litigation costs because of a parallel enforcement action by the corporate regulator, a judge has ruled.
A company director who was on the losing end of a precedent-setting legal privilege ruling, along with law firm Macpherson Kelley, has lost a bid to halt the start of a trial over a failed joint venture while she searches for funding for new lawyers.
The fallout over the collapse of Alan Bond’s Bell Group of companies more than two decades ago rages on in the Federal Court, with the Australian Taxation Office in a battle for $744 million it claims is owed by the the now re-registered firms.
A unit of Rio Tinto has won an appeal allowing it to avoid an $86 million payment owed to failed mining services company Forge Group Power.
A Federal Court judge has shot down an eleventh hour bid by unpaid vendors of collapsed auction house Mossgreen for discovery to see if they have a claim against the company, including a possible class action claim.
Mining tycoon Clive Palmer has succeeded in having a Queensland Supreme Court judge recused from a trial over the 2016 collapse of Queensland Nickel.
Liquidators for failed engineering services company Hastie Group have a fight on their hands over tens of millions of dollars in unpaid invoices from construction companies, with major builders claiming not only that they don’t have to pay, but that the bills aren’t payable.
The two directors of biodegradable coffee pod startup iCapsulate have been ordered into mediation to try to resolve a feud over whether to liquidate the company, a year after it was offered $2.5 million by an investor on reality TV show Shark Tank.
A judge has denied ASIC’s bid to appoint an interim receiver to preserve the assets of three financial services companies that advised clients to invest in complex derivatives, which ASIC is seeking to have wound up for alleged violations of the Corporations Act.