CBL Corp liquidators get $11.6m

CBL managing director Peter Harris. (Image: Supplied)

Tue, 12 Dec 2023

Liquidators for CBL Corporation netted $11.6 million in a court settlement against the insolvent companies’ former directors. In their report for the six months to Dec 11, liquidators Neale Jackson and Brendon Gibson say the money was received for the claim about breaches of directors’ duties. The proceedings concerned the acquisitions of Securities and Financial Solutions Europe SA and IMS Expert Europe SA in January 2017. The report revealed a creditor paid $600,000 to help fund that claim. It was one of severa...

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