Articles by Peter Gosnell

dVT pair to appeal Timbercorp ruling

dVT’s Riad Tayeh dVT Groups Antony De Vries dVT Group founders Riad Tayeh and Antony De Vries have instructed their lawyers to appeal a judgment that could see them facing bankruptcy proceedings in respect of investor loans issued by failed agri-scheme operator Timbercorp. Solicitor Marc Ryckmans of Somerset Ryckmans today confirmed that his clients had instructed him file an appeal to the judgment of Victorian…


What’s in a word – dVT boss tackles Lloyds of London

dVT’s Riad Tayeh dVT Group’s Riad Tayeh has plenty on his plate in this, the second year of the 21st century’s first pandemic. For starters the mid-tier firm’s co-founder may have to facing potentially ruinous recovery action courtesy of Timbercorp liquidators Craig Shepard and Mark Korda after the KordaMentha duo extracted a favourable decision from Victorian Supreme Court last month. As a consequence, Tayeh and…


Privilege dispute leaves liquidator with costs

Cor Cordis Melbourne partner Bruno Secatore. The week wouldn’t be complete if we didn’t revisit briefly the ongoing slugfest between Cor Cordis Melbourne boss Bruno Secatore and Deloitte as the former delves into the latter’s lengthy involvement with the Bob Jane tyre empire. As liquidator of Bob Jane Group entity Last Lap Pty Ltd Secatore has succeeded in having summonses for public examination issued to…


Ex-Deloitte partner quizzed over Last Lap restructure

Cor Cordis Melbourne partner Bruno Secatore. Deloitte Restructuring Consultant Simon Wallace-Smith. Eventful on multiple levels best describes yesterday’s public examination (PE) of former Deloitte partner and now consultant Simon Wallace-Smith, who was being questioned about his former tenure as liquidator of Last Lap Pty Ltd by counsel for the current incumbent. To start with, there were problems with all the parties being on the same…


Talent Transfer: More Deloitte defections

Michael Billingsley has left Deloitte and joined Cor Cordis. Whilst we wouldn’t want readers to think today’s edition is all about Deloitte and Cor Cordis iNO couldn’t resist the opportunity to indulge in some “you heard it here first” triumphalism. The occasion which gives us cause to crow is the confirmation by liquidator Michael Billingsley that he has joined what seems something of an exodus…


For Bettles or Worse ASIC seeks life ban

Worrells partner Jason Bettles. The corporate regulator has returned to the fray in its ongoing campaign to rub out Jason Bettles, calling for the Worrells partner to be stripped of his liquidator’s ticket and banned for life. In a 160 page Statement of Claim filed in the Federal Court last week, ASIC alleges that Bettles’ conduct in respect of the Members Alliance Group of Companies…


AFSA acts after court suspends liquidator

Macks Advisory’s Peter Macks. AFSA deputy ceo Gavin McCosker Adelaide resident and insolvency practitioner Peter Macks would no doubt have anticipated this week’s announcement by the Australian Financial Security Authority (AFSA) advising that it had sent him to the naughty corner. It was less than a fortnight ago that a judge of the Supreme Court of South Australia suspended Macks’ registration as a liquidator for…


dVT founders cop whopper Timbercorp debt

dVT Group co-founder Anton De Vries dVT’s Riad Tayeh iNO hears that Riad Tayeh has for some time been planning to let his liquidator’s registration lapse ahead of a general easing into the next phase of his lengthy career but a recent judgment of the Supreme Court of Victoria might see the amiable dVT Group co-founder forced to take a more decisive path, one possibly…


Will inquisition end as Carnell calls it quits?

Opinion Incoming Small Business Ombudsman Bruce Billson. Small Business Ombudsman and liquidator’s bane Kate Carnell. Insolvency practitioners can but hope that the persecution will end now that former Federal Minister of Small Business Bruce Billson has been anointed to replace the inquisitorial Kate Carnell as Australian Small Business and Family Enterprise Ombudsman (ASBFEO). Billson did not return calls yesterday to explain how or even if…


referrer

RL’s links with referrer upset ICON directors

O’Brien Palmer’s Chris Palmer. There’s nothing like being in business with your referrer to get an appointee offside with someone and at least some of those connected to ICON Construction (NSW) Pty Ltd (ICON) were recently in a flap about Chris Palmer. Following the granting of consent orders in the NSW Supreme Court the O’Brien Palmer principal and colleague Liam Bailey replaced ICON administrator Ben…