Trustee denied indemnity from trust assets after unsuccessful and inefficient application concerning EK Recruitment’s DOCA and creditors’ trust
Australian liquidator permitted to continue administering crypto infrastructure group as court rejects bid to terminate winding-up amid $29 million in claims and no evidence of solvency
FTI says the proposed restructure would keep key Restore Africa projects alive and deliver 23.6 to 26.5 cents in the dollar to unsecured creditors, compared with no expected return in liquidation
Receivers are continuing sale talks after two binding bids were deemed unviable, while administrators say liquidation would produce no return for priority or unsecured creditors
