Vic Liqs cop $25k pay cut after successor objects

Hamilton Murphy principal Richard Rohrt. Pitcher Partners’ David Vasudevan. The spectre of proportionality has made an appearance in the deliberations of the Victorian Supreme Court, resulting in Pitcher Partners’ Andrew Yeo and David Vasudevan copping a pay cut of more than $25,000. In Re Nissand Pty Ltd (in liq) [2019] VSC 280 (10 May 2019) Judicial Registrar Patricia Matthews found that while more than $131,000…

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Regulators continue jihad on practitioner compliance

COMMENT Presenting oneself as a fierce and tireless scrutiniser of insolvency practitioners is all the rage among the relevant regulators at the moment. The view among much of the bureaucracy seems to be that these highly qualified professionals cannot be trusted and only heavy regulatory shackles will prevent them from abusing their position to the detriment of all. It’s nonsense of course but regulation is…

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Leigh to defend PPBA/Neolido fraud claim

David Leigh, the former PPB Advisory (PPBA) partner who stunned the profession after it emerged he had allegedly pinched $800,000 to pay debts, is set to stun again. In the Supreme Court of Queensland yesterday, Leigh filed a notice of intention to defend a claim for recovery of the funds, launched on February 28, 2018 by PPBA. From what can be gleaned from the document…

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