Tag: investments

By Angela Dorizas Melbourne based green technology group, Ceramic Fuel Cells, has begun a $25 million case against Oakvale Capital, a financial advisory firm used by a number of councils…

The inaugural Local Government Investment Conference has teed up seven top speakers to distill the lessons of the global financial crisis (GFC) and map out the fiscal future for Australia’s…

By Angela Dorizas A ruling by the Federal Court has cleared the way for councils to pursue legal action against collapsed US investment bank Lehman Brothers. The Federal Court found…

By Angela Dorizas This week marks the first anniversary of the collapse of US investment bank Lehman Brothers, which sent shockwaves around the world and brought the global financial system…

Since the 2008 Cole Inquiry into faulty council investments a new financial conservatism has taken over local government. But the pressure is already on to find more high-returning investment opportunities,…

By Angela Dorizas Councils that invested with failed bank Lehman Brothers Australia will recoup between 2c and 13c in the dollar after creditors decided against winding up the company. Creditors have…

By Angela Dorizas The Federal Court has upheld an appeal by the administrators of Lehman Brothers Australia to block Wingecarribee Shire Council’s access to the company’s insurance documents. The council…

By Staff Writer Failed investment bank Lehman Brothers Australia will appeal against the Federal Court’s decision to allow a former council client to access the company’s insurance policies. The matter will be heard…

Wingecarribee Shire Council is seeking to recoup losses made from CDO investments. Image: iStock By Angela Dorizas Wingecarribee Shire Council in New South Wales has won the right to proceed…

By Angela Dorizas Councils that have lost funds through high-risk investments in structured instruments, including collaterised debt obligations (CDOs), may have a litigation case against financial advisers and rating agencies,…