Clive Palmer’s company Queensland Nickel has been recommended to go into liquidation after creditors reported debts in excess of $100 million.
FTI Consulting says it has advised creditors to vote to wind it up at a meeting later this month, adding its corporate duties may have been breached.
It also pointed to a possible breach of fiduciary and common law duties by a director or officer of the company and certain transactions that might be “unfair”.
Video Hundreds of workers lose job at Clive Palmer nickel refinery
“We have identified transactions which may give rise to successful unfair preferen…
Read the full article at: https://au.news.yahoo.com/a/31328956/creditors-recommend-clive-palmers-queensland-nickel-be-liquidated-due-to-debts-in-excess-of-100m/