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Federal Court finds phoenixing scheme behind Eastside collapse

Federal Court finds phoenixing scheme behind Eastside collapse

De facto directors held liable over insolvent trading and related-party transfers

Dina Kovacevic
Dina Kovacevic
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Court backs $12.2M Crown Group fee tab

Court backs $12.2M Crown Group fee tab

NSW Supreme Court rejects shareholder challenge to BDO remuneration

Dina Kovacevic
Dina Kovacevic
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Commonwealth cannot leapfrog Coburn’s secured creditors

Commonwealth cannot leapfrog Coburn’s secured creditors

Federal Court finds listed parent, not operating subsidiary, was the true employer of 166 workers, defeating Commonwealth priority claim over Coburn assets

Dina Kovacevic
Dina Kovacevic
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$7 million ATO preference claim fails after court rejects insolvency case

$7 million ATO preference claim fails after court rejects insolvency case

WA Supreme Court finds Construction Industries Australia was not proven insolvent during preference period, defeating LCM Recoveries’ claim over 86 tax payments

Dina Kovacevic
Dina Kovacevic
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Federal Court gives community club a path out of liquidation

Federal Court gives community club a path out of liquidation

Liquidators permitted to return Sunshine City Club to voluntary administration so creditors can vote on a DOCA promising full payment, renewed operations and preservation of its Melbourne property

Dina Kovacevic
Dina Kovacevic
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Inactive director liable for company’s losses

Inactive director liable for company’s losses

NSW Court of Appeal upholds liability, compound interest and an equitable charge over directors’ family home after insolvent cosmetics company incurred renovation debts and transferred almost $1 million offshore

Dina Kovacevic
Dina Kovacevic
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VIQ Australia heads for liquidation

VIQ Australia heads for liquidation

McGrathNicol says unsecured creditors face no return, while potential director-duty claims linked to governance failures and the offshore data incident require further investigation

Dina Kovacevic
Dina Kovacevic
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Blackbird default interest rate struck down as penalty

Blackbird default interest rate struck down as penalty

NSW Supreme Court rejects 48% annual default rate and excludes unsupported investigating accountant and legal fees from secured lender’s recovery

Dina Kovacevic
Dina Kovacevic
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NSW Court of Appeal upholds $5 million clawback in Punchbowl deal

NSW Court of Appeal upholds $5 million clawback in Punchbowl deal

Court says vendor failed to dispel obvious concerns about Portman’s ability to fund the $100 million deal

Dina Kovacevic
Dina Kovacevic
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Federal Court rejects liquidators’ $2.6 million intercompany claim

Federal Court rejects liquidators’ $2.6 million intercompany claim

Court says cost-conscious litigation strategy left liquidators with insufficient evidence to displace the company’s books

Dina Kovacevic
Dina Kovacevic
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Federal Court clears way for Maxcon liquidator examinations over $42 million in transfers

Federal Court clears way for Maxcon liquidator examinations over $42 million in transfers

Court rejects claims that ATO-funded examinations would improperly duplicate unresolved tax disputes involving members of the Elzain family

Dina Kovacevic
Dina Kovacevic
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Federal Court freezes Mine & Rail DOCA pending voting valuation challenge

Federal Court freezes Mine & Rail DOCA pending voting valuation challenge

The court allowed Valiant Resources’ deed of company arrangement to be signed but blocked its implementation while Tacora Capital challenges the administrators’ decision to admit most of its $45.4 million claim for only $1 at the creditors’ meeting

Dina Kovacevic
Dina Kovacevic