On the move but not yet on a roll. Liquidator Mitchell Ball. Rolling across iNO’s desk in recent weeks have been murmurings about movement in Kent Street, where we understand Mitchell Ball, who puts the B in BPS Recovery, has parted company with the P and the S, Max Prentice and David Sampson. iNO’s mail is that Ball and a couple of his staff have…
SV Partners’ Darren Vardy. SV Partners director Darren Vardy is neck deep in a stoush with Chubb Insurance Australia Limited over the question of whether a man who was sole director, sole shareholder and lone company secretary of All Class Insurance Brokers was an employee. If he wasn’t that means the more than $2 million sole director Leroy Bowmaker took from All Class’s trust account…
BRI Ferrier’s Peter Krejci. BRI Ferrier’s Brian Silvia. One thing you can say about veteran insolvency practitioner and BRI Ferrier NSW partner Brian Silvia is that he’s not the type to go quietly, which is probably why the sound of equity holders’ heads butting has reached iNO’s ear, all the way from BRI’s offices atop Australia Square. iNO’s intelligence network has learned that Silvia and…
Tony McGrath. McGrathNicol Partner Kathy Sozou. “You only get one HIH in a lifetime of liquidations” insolvency veteran Tony McGrath might by moved to say as he finalises one of, if not the last of his formal insolvency appointments in pursuit of life as consultant, expert witness and independent company director. The imagined comment – fashioned from the late Kerry Francis Bullmore Packer’s famous quip…
Advertorial New Boutique Advisory Firm Olvera Advisors To Help Businesses Transition to post-COVID Conditions Olvera Advisors’ Damien Hodgkinson. Olvera Advisors’ Lucy Vecchio. The COVID pandemic has forced businesses large and small to navigate the twin challenges of dealing with the crisis while also trying to identify their function in the market when conditions recover. Nobody can be sure what the new normal will look like…
CRS Warner principal Anthony Warner Insolvency Experts’ principal Steve Kugel. Sydney liquidator Anthony Warner has had a partial but important win this week in his marathon dust up with former business partner and liquidator Steve Kugel. In Warner Capital Pty Ltd v Shazbot Pty Ltd [2020] NSWCA 121 three judges of the NSW Supreme Court’s Court of Appeal on Wednesday overturned the decision of Justice…
Pilot Partners’ Nigel Markey. Pilot Partners’ Anne Fordyce. If ever there was a story with a moral secreted within it’s this one, which tells the tale of the Pilot Partners pair who were dealt a lesson by the courts about knowing when to hold and when to fold. As liquidators of Fairfield Services Pty Ltd Pilot Partners’ Nigel Markey and Anne Fordyce commenced proceedings in…
Amanda Young. Former Jirsch Sutherland partner Amanda Young allegedly tricked her brother into signing cheques drawn on a liquidation account then deposited the funds into three of her personal credit card accounts, a disciplinary committee has found. Young allegedly deceived her older brother, Jirsch Sutherland partner Sule Arnautovic, by presenting him with multiple cheques to sign in his capacity as liquidator of the St Gregory’s…
iNO Opinion There’s been some interesting work done by Sivaa Consulting in terms of matching statistics for insolvency appointments with numbers of registered liquidators. What the Sivaa analysis shows is that there has not been an annual increase in appointment numbers since 2015 and only one year in the last five – 2016/17 – when the number of registered liquidators wasn’t falling. Given those mutual…
SV Partners managing director Terry van der Velde. Where would the legal profession be without property development and the limitless labyrinth of opportunity for dispute that bricks and mortar afford? That’s the question that comes to mind on reading the judgement of Federal Court judge Kathleen Farrell in Campbell v van der Velde as trustee of the bankrupt estate of Marilyn Anne Rowan, in the matter…