With the benefit of hindsight, lenders not hoodwinked by Arrium employees – Part 1: Was Arrium insolvent?
Introduction The Supreme Court of New South Wales has dismissed proceedings1 commenced by the lenders of collapsed mining and steel giant Arrium against the treasurer, CFO and three other employees. In June 2015, Arrium commenced a strategic review of its debt position against a backdrop of a rapidly declining iron ore price and the maturity of […]
