Liquidators appointed to Queensland Nickel

Posted April 22, 2016

Queensland Nickel

The voluntary administrators appointed to Queensland Nickel have today concluded the second meeting of creditors, resolving that the company be wound up.

 John Park, Stefan Dopking, Kelly-Anne Trenfield and Quentin Olde of FTI Consulting have been appointed as the liquidators of Queensland Nickel, effective immediately.

 The liquidators will now undertake to recover monies owing to the company’s creditors. This may include pursuing recovery of any loss suffered by Queensland Nickel as a result of uncommercial and director-related transactions, where it is commercial to do so.

 In a statement, FTI said the liquidators would update creditors for Queensland Nickel on the progress of the recovery efforts when appropriate.

The company owes more than $200 million, of which $70 million is owed to workers.

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