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Australian judge voids “insolvent” asset sale in Legend liquidation

By Declan Bush

20 December 2018

The Australian liquidators of Queensland phosphate miner Legend International Holdings have won a court order in Melbourne voiding its former director’s 2015 sale of a mining project to a company controlled by his sister for A$1, putting the multimillion-dollar asset back in creditors’ reach.

Australian judge voids “insolvent” asset sale in Legend liquidation Legend had planned to mine phosphates for use in fertilisers before its collapse. (Credit: iStock.com/iamporpla)