Federal Court halts receivers' sale in asset-based lending fight
Court preserves charter vessels pending trial of “reasonably arguable” claims over asset-based lending facility, receivers’ appointment and proposed auction sale
Glencore royalty survives Tahmoor liquidators’ disclaimer bid
NSW Supreme Court says liquidators cannot strip away a mining royalty simply to improve unsecured creditor recoveries.
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Betts enters administration, plans closure of 20 shoe stores
Australian footwear retailer Betts has entered voluntary administration and will close more than half of its remaining stores as its administrators seek to preserve a smaller physical network and expand the 134-year-old brand’s online business
ZEN Energy enters administration after retail sale falters
ZEN Energy and related companies have entered voluntary administration after wholesale electricity price volatility undermined efforts to sell the renewable energy retailer as a going concern, despite regulatory approvals for a proposed transfer of its retail operations
