Hot Topics

Litigation Funding

Corporates, Judgment, Lawyers, Liquidations, Liquidators, Litigation, Litigation Funding 11 April 2025

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,…

Read More

FEG, indemnity, Judgment, Lawyers, Liquidators, Litigation, Litigation Funding 18 September 2024

FEG gamble loses as High Court rejects appeal

BCR Advisory’s John Morgan.The undeniable success of FEG Recoveries in clawing back funds for the Commonwealth has certainly emboldened its decision makers, housed within the Federal Government’s Department of Employment and Workplace Relations (DEWR).It would therefore be a brave insolvency practitioner who’d bet that the recent setback to FEG’s ambitions as meted out by the High Court of Australia will knock them off balance for…