This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.theguardian.com/australia-news/2017/sep/08/liquidators-counter-clive-palmer-claim-asset-freeze-would-hurt-his-companies

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
Liquidators counter Clive Palmer claim asset freeze would hurt his companies Liquidators counter Clive Palmer claim asset freeze would hurt his companies
(5 months later)
Lawyers claim former MP has taken no steps to revive failed refinery as lawsuit over Queensland Nickel’s collapse rolls on
Australian Associated Press
Fri 8 Sep 2017 10.06 BST
Share on Facebook
Share on Twitter
Share via Email
View more sharing options
Share on LinkedIn
Share on Pinterest
Share on Google+
Share on WhatsApp
Share on Messenger
Close
Government-appointed liquidators have denied Clive Palmer’s claims that successfully freezing more than $200m worth of assets would result in a “serious loss of business and confidence” for his publicly trading companies.Government-appointed liquidators have denied Clive Palmer’s claims that successfully freezing more than $200m worth of assets would result in a “serious loss of business and confidence” for his publicly trading companies.
In submissions filed on Friday, Queensland Nickel’s liquidators claim “real doubt must be had” about whether such orders could “sensibly further erode” commercial sentiment, given events such as the failure of the Yabulu nickel refinery.In submissions filed on Friday, Queensland Nickel’s liquidators claim “real doubt must be had” about whether such orders could “sensibly further erode” commercial sentiment, given events such as the failure of the Yabulu nickel refinery.
The document, lodged as part of Brisbane supreme court proceedings, also reveals concerns about the former politician’s alleged willingness to “orchestrate arrangements which seek to defeat creditors of QNI as and when it suits him”.The document, lodged as part of Brisbane supreme court proceedings, also reveals concerns about the former politician’s alleged willingness to “orchestrate arrangements which seek to defeat creditors of QNI as and when it suits him”.
In his own submissions filed earlier this week, Palmer criticised his opponents’ case as largely baseless and lacking in the necessary urgency to justify a freezing order.In his own submissions filed earlier this week, Palmer criticised his opponents’ case as largely baseless and lacking in the necessary urgency to justify a freezing order.
But the taxpayer-funded liquidators’ lawyers returned the assessment in their material, claiming he has provided “no sensible evidence” of steps being taken to possibly revive the refinery, despite claims freezing orders would severely restrict it.But the taxpayer-funded liquidators’ lawyers returned the assessment in their material, claiming he has provided “no sensible evidence” of steps being taken to possibly revive the refinery, despite claims freezing orders would severely restrict it.
The legal battle is due to return to court on 14 September for a two-day hearing before Justice John Bond.The legal battle is due to return to court on 14 September for a two-day hearing before Justice John Bond.
Last month, Palmer told reporters outside court he wanted the application to be heard as soon as possible, going on to speak about his love of Queensland.Last month, Palmer told reporters outside court he wanted the application to be heard as soon as possible, going on to speak about his love of Queensland.
“I’m certainly not going anywhere,” he said. “I’d be one of the most well-known Queenslanders in the country, in the world for that matter.”“I’m certainly not going anywhere,” he said. “I’d be one of the most well-known Queenslanders in the country, in the world for that matter.”
Clive Palmer
Queensland
news
Share on Facebook
Share on Twitter
Share via Email
Share on LinkedIn
Share on Pinterest
Share on Google+
Share on WhatsApp
Share on Messenger
Reuse this content