Restructuring and insolvency

High Court orders Sacred Hill guarantor to pay Westpac $12.8m

High Court orders Sacred Hill guarantor to pay Westpac $12.8m

Bank need not intervene when receivers stopped performing a major US wine contract

High Court refuses to vest litigation rights in case involving law firm

High Court refuses to vest litigation rights in case involving law firm

Judge says firm shouldn’t be exposed to expense of responding to claims

Court of Appeal upholds former director’s bankruptcy despite $2m cross-claims

Court of Appeal upholds former director’s bankruptcy despite $2m cross-claims

Unproven consultant fees for repairs fail to offset costs debt owed to body corporate: court

High Court orders director to pay $1.39m for reckless trading

High Court orders director to pay $1.39m for reckless trading

Ruling finds director knew letter-of-credit funds promised to contractor had already gone to other parties

High Court pauses liquidation bid despite company’s failure to prove solvency

High Court pauses liquidation bid despite company’s failure to prove solvency

Neither debt behind creditor’s claim is currently owing, with one paid and one under appeal

High Court awards indemnity costs over apparently AI-generated statutory demand

High Court awards indemnity costs over apparently AI-generated statutory demand

Subcontractor’s unsigned, undated $77,510 demand chases variations already in dispute