The continued saga of the Babcock & Brown liquidation

In a decision of the Federal Court handed down on 18 October 2019 in Masters v Lombe (Liquidator); In the Matter of Babcock & Brown Limited (In Liquidation) [2019] FCA 1720, Foster J held that Babcock & Brown Limited (BBL) did not breach the continuous disclosure obligations in the Corporations Act 2001 and the ASX Listing Rules.

Filed under:
Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Johnson Winter Slattery, Shareholder, Liquidator (law), Australian Securities Exchange, Corporations Act 2001 (Australia)
Authors:
Joseph Scarcella , Felicity Karageorge
Location:
Australia
Firm:
Johnson Winter Slattery