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Liquidators in the ongoing Queensland Nickel Pty Ltd (In Liquidation) litigation fail to recover $102 million but are successful in their uncommercial transaction claims

In Parbery & Ors v QNI Metals Pty Ltd & Ors[1] the Court held, amongst other things, that:

Australia, China, Queensland, Insolvency & Restructuring, Litigation, Gadens
Does property held by a bankrupt on trust for another vest in the bankruptcy trustee?

On 13 December 2019, in Franz Boensch as Trustee of the Boensch Trust v Scott Darren Pascoe[1] the High Court unanimously dismissed an appeal from a judgment of the Full Court of the Federal Court of Australia, in which the appellant sought compensation from his former trustee in bankruptcy pursuant to section 74P of the Real Property Act 1900 (NSW) (RPA).

Australia, Insolvency & Restructuring, Litigation, Real Estate, Gadens