Clive Palmer’s failed Queensland Nickel refinery was insolvent in the days before administrators were called in, a judge has found.
Key points:
- Justice Mullins says claims against Mineralogy by liquidators could not succeed
- Clive Palmer says the ruling “vindicates” his faith in the justice system
- He says he will now consider seeking compensation
But Justice Debra Mullins dismissed the liquidators’ claim against Mr Palmer’s flagship company Mineralogy, worth more than $100 million.
The judgment follows a mammoth Supreme Court civil trial into Queensland Nickel’s (QNI) 2016 collapse, which left 800 people out of work.
“This judgment vindicates my faith in the judicial system in Queensland,” Mr Palmer said.
“It’s a shining example that truth a…
Read the full article at: https://www.abc.net.au/news/2020-06-03/clive-palmer-and-queensland-nickel-court-ruling/12314878