Ex-liquidator making hay in distressed lending

Andrew Wily: not done with hunting? It’s no great stretch to imagine a former liquidator would be well equipped to earn his or her crust from the crumbs that fall from failed deals in the distressed lending space. It’s even less of a stretch to imagine that that ex-liquidator might be former Armstrong Wily principal Andrew Hugh Jenner Wily. The ever colourful Wily relinquished his…

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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

KPMG partner’s insistence “disappointing”: QNI Judge

KPMG’s Peter Gothard. Whilst the real pain of Wednesday’s judgment in Parbery & Ors v QNI Metals Pty Ltd & Ors [2020] QSC 143 will be felt by QNI’s general purpose liquidators (GPL) FTI Holdings, Queensland Supreme Court judge Debra Mullins didn’t pull any punches when it came to a couple of elements of the testimony of KPMG partner Peter Gothard. Gothard had been brought…

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