Battle over Du Val begins, with other secured lenders likely to act

Battle over Du Val begins, with other secured lenders likely to act
Du Val founders Kenyon and Charlotte Clarke are in interim receivership. (Image: Supplied)
Maria Slade
Insolvency experts say there will likely be a flurry of action from lenders against failed property developer Du Val following the Financial Markets Authority’s move on the group last week.On Friday, the High Court placed 64 Du Val entities and its founders, Charlotte and Kenyon Clarke, in interim receivership at the market regulator's request.Commercial lawyer David Friar said that a secured creditor usually appoints receivers under their security agreement with the company in question.However, the regulator also had powers unde...

More Property

Liquidator Damien Grant survives bid to remove him
Property

Liquidator Damien Grant survives bid to remove him

The $200m Ormiston Rise housing project has been the subject of ongoing legal battles.

Goodman Property expects more of the same
Property

Goodman Property expects more of the same

Stable property values helped the company report net profit after tax of $109.6m.

Gregor Thompson 29 May 2025
Multi-million-dollar mansion for sale while subbies remain unpaid
Property

Multi-million-dollar mansion for sale while subbies remain unpaid

Sanctum Projects' creditors are still waiting for their final payments a year on.

Maria Slade 29 May 2025