Termite Resources directors appeal $7M damages ruling for liquidators

Clayton Utz 2019-05-23 1:57 pm By Cat Fredenburgh | Melbourne

Please login to bookmark

The former directors of collapsed mining company Termite Resources have appealed a ruling ordering them to pay $7 million in damages for allegedly breaching their duty by distributing more than $46 million to Termite’s parent company and failing to maintain a cash reserve of at least $10 million.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au