Aussie judge opens door for joint hearing in Halifax liquidation

Mon, 02 Sep 2019

By Victoria Young Sept. 3 (BusinessDesk) - In an unusual case, an Australian court has decided the New Zealand High Court should cooperate with its Australian counterpart and hold a joint hearing to resolve matters in the A$19 million Halifax liquidation. The decision of the Australian Federal Court brings investors a step closer to recovering funds, and may set a new legal precedent in cross-border cooperation. Online broker Halifax was moved into liquidation in November last year with KPMG’s Morgan Kelly, Stewart McCallum and Phil...

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