Octaviar Group insolvency

23/6/2017

Insolvency proceedings

Value:

A$ 2.4 billion

Status:

Completed

Date:

23/6/2017

Overview:

Indebted Australian business Octaviar Group collapsed in 2008 with liabilities of approximately $2.4 billion.
The company entered into voluntary administration in October 2015.
In June 2017, The Supreme Court of Queensland appointed liquidators to wind-up the Octaviar Group.
The Public Trustee of Queensland is one of the creditors, and is owed $360 million.

Ben Naylor - Regional editor

Jurisdiction:

Australia

Deal type:

Insolvency proceedings

Practice area:

Restructuring and insolvency

Governing law:

Australia

Industry sectors:

Financial services
Investment management

Firm:

Clayton Utz

Party: Public Trustee of Queensland (Creditor)

Lawyers: Gareth Jenkins, Scott Sharry

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