Articles by Peter Gosnell

Frisken flayed for preferring preferences

O’Brien Palmer’s Daniel Frisken. O’Brien Palmer’s Daniel Frisken might be feeling a little uneasy after NSW Supreme Court judge Kate Williams this week refused his application seeking to claw back $740,000 in preferences paid to the ATO by labour hire company Pacific Steelfixing Pty Ltd (Pacific). This is because In the matter of Pacific Steelfixing Pty Ltd [2021] NSWSC 655 the judge described as not…


Court replaces liquidator ahead of meeting

CJG Advisory’s Mathew Gollant. Hall Chadwick partner Sule Arnautovic. (Image: Hall Chadwick) iNO can but imagine what might be afoot when an entity like the Nissan Motor Company (Australia) (NMA) replaces an incumbent liquidator via an application to court when NMA is the only creditor and therefore would have had no trouble replacing the incumbent at the first meeting. From what can be gleaned from…


Liquidators lashed after staff lose redundancy

Joe Hayes of Wexted Advisers. Wexted Advisors Andrew McCabe. Liquidators Joe Hayes and Andrew McCabe have copped a bollicking from Administrative Appeals Tribunal (AAT) senior member Chris Puplick for what might qualify as the sin of disinterest. As is revealed in the recent decision of Tjoputra and Secretary, Attorney-General’s Department [2021] AATA 1596 the Wexted Advisors pair didn’t inform two employees of Object Consulting Pty…


Remuneration bid prompts inquiry application

PKF partner Brad Tonks. PKF partner Mark Roufeil. Brad Tonks and Mark Roufeil are getting grief over their decision to defend a set of proceedings whilst appointed receivers of Sahab Holdings, and it’s a species of grief that would not be unfamiliar to insolvency practitioners who’ve had to deal with assets being fought over by families. On Monday Robert Glasson, counsel for the PKF pair…


Creditors set to force ousted VAs to court for fees

Hall Chadwick’s Richard Lawrence. Hall Chadwick’s Richard Albarran. Hall Chadwick’s pair of Richards look set for a disagreeable time chasing upwards of three quarters of a million in fees after being ousted as voluntary administrators (VAs) of Bluechain Pty Ltd. Messrs Albarran and Lawrence were turfed out by an overwhelming majority of creditors at the reconvened first meeting of Bluechain back on May 18, 20…


Court okays administrator’s “truncated liquidation”

McGrathNicol Partner Kathy Sozou. Image McGrathNicol. Wexted Advisors’ Joe Hayes. There cannot be too many insolvency practitioners who first worked on an external administration as a graduate accountant and almost 20 years later are preparing to deregister the same entity as partner. Kathy Sozou can lay claim to imminent inclusion in this elite group. The revelation of the McGrathNicol partner’s trauma unit-to-crematorium involvement in Black…


EY’s pre-Pindan VA involvement a sight to behold

EY’s Sam Freeman. Never let more than $340,000 worth of pre-appointment work influence concepts like the apprehension of independence seems to be the approach adopted by the trio of EY IPs who recently consented to act as voluntary administrators (VAs) of the Pindan property and asset management group. This at least is iNO’s opinion arrived at after reading the DIRRI distributed by Sam Freeman, Colby…


VAs eleventh hour bid to adjourn too long a shot

Accepting an appointment as a voluntary administrator (VA) late on a Friday knowing you’ll have to apply to adjourn a winding up application being heard the following Monday might be considered more than usually ambitious. Jirsch Sutherland’s Trent Devine, Bradd Morelli and Andrew Spring however had good reason to feel confident last week when they agreed to take on ASX-listed plastics-to-fuels developer Integrated Green Energy…


Litany of woe from liquidator who stole

Amanda Young conceals her face as she leaves court. A harrowing portrait of a problem-plagued life made worse by alleged workplace bullying and harassment unfolded yesterday as ex-liquidator Amanda Young testified ahead of her sentencing on charges of stealing tens of thousands of dollars while employed as a salaried partner at the Sydney office of insolvency firm Jirsch Sutherland. Young, who in February pleaded guilty…


Judge slams “totally disproportionate” fees

Hamilton Murphy principal Richard Rohrt. Hamilton Murphy’s Stephen Dixon. Hamilton Murphy’s Richard Rohrt and Stephen Dixon have a Ferrari to sell now that they’ve been appointed receivers and managers over the property, assets and undertaking of The Rose Guerin and Partners Trust but getting paid for their labours won’t be straightforward after a judge ripped ’em a newie in respect of their “totally disproportionate” fees….