A court has heard that Clive Palmer’s nickel refinery was trading insolvently until administrators were called in to assist.
An insolvency expert told the Brisbane Supreme Court that Queensland Nickel, which has now collapsed, was incurring losses as early as October 2015.
Justice Debra Mullins said that proving that the refinery was still insolvent in January 2016 was the main purpose of the trial, which continues today.
Image: Katherine Times
