Corporates

Pre-Insolvency advisor jaws deep in distiller

De Jonge Read founder and executive director Henry ‘Hank’ de Jonge. Pre-insolvency sharks are quick to detect distress and the chance of easy meat, or in the case of Mobius Distilling Company Pty Ltd (Mobius), a decent drink. Mobius was an award winning distiller of millennial gins and other derivatives of Mother’s Ruin. Its two directors who were also shareholders placed the company into administration…

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Liquidator’s win over secured lender overturned

Oracle Insolvency Services’ Nick Cooper. Three appeals court judges have reversed a decision which found that the grant of a mortgage to a lender by a company which was subsequently placed in liquidation was an unreasonable director-related transaction. The decision, delivered on Wednesday in CEG Direct Securities Pty Ltd v Cooper as liquidator of Runtong Investment and Development Pty Ltd (in liq) [2025] FCAFC 47,…