A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality. Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action…
Cross-border issues are a key aspect of corporate restructurings and insolvencies, as companies may operate across multiple jurisdictions with differing insolvency regimes. The Court of Appeal confirmed earlier this year in Servis-Terminal LLC v Drelle [2025] that for a foreign debt judgment to form the basis for insolvency proceedings in England, it must be recognised…
Troubled Brazilian operator Oi has been declared bankrupt by a Rio de Janeiro court. Failure to comply with a court-approved restructuring plan, ratified in 2024, and the accumulation of debt not subject to bankruptcy rules were two of the main reasons cited by the judge involved for declaring the company bankrupt. She noted that noncompliance…
Linda Reynolds wants to know what Brittany Higgins did with her $2.4 million compensation payout. (Richard Wainwright/AAP PHOTOS) By Aaron Bunch in Perth A former senator’s bid to discover where Brittany Higgins’ $2.4 million compensation payout went following their bruising defamation battle has been frustrated by a bankruptcy paperwork glitch. Ex-Liberal senator Linda Reynolds successfully…
An insolvency and restructuring firm has urged small business owners to be aware of heightened ATO activity as its debt book continues to grow. The ATO’s annual report, released on 31 October, revealed that the total tax-debt book had jumped from $86.1 billion to $101.4 billion from 2023–24 to 2024–25, marking the largest year on…
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A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality. Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action…
A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality. Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action…
South Korea’s major e-commerce platform WeMakePrice has been declared bankrupt by the Seoul Bankruptcy Court, marking the end of its rehabilitation efforts after struggling financially for over a year. The decision came approximately 16 months after WeMakePrice filed for court receivership in July 2024 due to a large-scale unpaid settlement crisis that impacted thousands of…
A hiccup has delayed bankruptcy proceedings against Brittany Higgins for another week. The Federal Court was told former senator Linda Reynolds served a bankruptcy notice on Ms Higgins, but it was handed to her Perth-based lawyer, Carmel Galati. It was the first time the matter was heard in the Federal Court, and registrar Camille Goucke…