Few corporate collapses have shaken public confidence in Australia’s financial sector quite like the implosions of Babcock & Brown and Allco Finance during the 2008 global financial crisis. Both were darlings of the high finance world and owed their downfalls in large part to their reliance on heavy debt and complex, opaque corporate structuresNearly two decades on, the financial collapse of Bathla Group feels like a grim sequel to these 2008 failures – but this time, Australia’s property sector is on the line, and much of the damage has been done away from the glare of equity markets.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles