Olde to establish Ankura restructuring after FTI adios

Bound for Ankura – Liquidator Quentin Olde. Liquidator Quentin Olde looks to be preparing to establish an Asia Pacific restructuring practice for global professional services firm Ankura after resigning earlier this year as a senior managing director at FTI Consulting. Olde, who is on gardening leave until October 1, confirmed yesterday that he had joined the US headquartered, multi-disciplinary advisory firm but otherwise declined to…

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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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