FEG chasing ex-PPB orphan over Reed millions?

Ex-Reed Constructions Australia liquidator Mark “Robbo” Robinson. Image: www.hiredgun.com.au INO’s antennae have of late been swaying to the faint but unmistakable sounds of sensitive negotiations. Sensitive because they involve the FEG Recovery Unit, the current liquidators of Reed Constructions Australia and possibly Reed’s former liquidator Mark “Robbo” Robinson. Also sensitive because we can’t get anyone to divulge much about them, though no one contacted has…

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Bankruptcy

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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Litigation

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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