Court imposes $200m Palmer asset freeze
Image: Jwmcdonald81 BY REUBEN ADAMS THE QLD Supreme Court has taken the extraordinary step of freezing more than $200m of Clive Palmer’s assets, as Queensland Nickel liquidator PPB Advisory looks to recover millions of dollars allegedly owed by the mining magnate from the 2016 collapse of the refinery. On 25 May the Supreme Court granted an application by Queensland Nickel liquidators for freezing orders against Mr Palmer and several of his companies. In Mr Palmer’s case the value specified was $204,943,664.39, but other amounts were specified for the companies concerned. In its Summary of Judgement, the Court based its decision on its belief that Queensland Nickel liquidators had a good arguable case against Mr Palmer and the companies concerned. Also,...