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.
An appeals court has dismissed a challenge by Veritas Advisory principal liquidator David Iannuzzi to the admissibility of evidence submitted by the Australian Taxation Office in the agency’s case seeking compensation and a 10-year ban.
Hong Kong-based conglomerate CITIC and two of its subsidiaries have taken mining magnate Clive Palmer and his firm Mineralogy to court over the $5.8 billion Sino Iron Ore Project in Western Australia.
A judge has issued a ruling on the procedure for reviewing documents for legal professional privilege that were seized from mining magnate Tony Sage by the Australian Federal Police, after a stalemate over the review process left the documents in legal limbo for five years.