Stratos Legal’s latest interim insolvency appointments rankings show the firms that were leading as at June 30 2017 are mostly maintaining their dominance in 2018. When it comes to creditors voluntary liquidations (CVLs), Worrells is leading the pack nationally thanks to its preeminence in Queensland and Victoria. It also performed strongly in New South Wales, ranking second only to Dominic Calabretta’s Mackay Goodwin which was NSW’s CVL front…
It might almost read like something from the Golden Age of Russian Literature, save for the fact that none of the characters are from Russia, nobody dies and the main players don’t end the story lamenting their role and pining for a simpler life harvesting permafrost. No indeed. A liquidator has in fact emerged triumphant from the latest instalment of the tragic and enduring tale…
In typical news breaking corespondent style, INO is off to Cartagena as they would’ve said in the classics if the old masters and mistresses had been aware of her charms. As a result publication of the INO bi-weekly newsletter will be temporarily suspended. The short trip to Colombia’s famed Caribbean Coast happily coincides with the World Cup final though INO must endure a wedding before…
It doesn’t do to mix your WIP. Nor does it do to confuse a judge. Hall Chadwick duo Richard Albarran and David Ross may have accidentally done both, and it’s cost them eighty grand. The recent lopping of around three quarters off their claim for remuneration as receivers of the DOH Family Trust follows a period during which Albarran and Ross have also acted as 1) voluntary administrators of…
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…
Deloitte’s David Mansfield has come away with a shiner from a challenge he brought on in the District court of NSW after an earlier bout left him bloodied and leaking costs. In December 2017 a NSW District Court judge ordered Mansfield to pay the costs of a defendant in proceedings he’d brought against directors of the Camperdown Bowling & Recreation Club Ltd (CB&RC). Mansfield was appointed…
When the most senior officer responsible for the regulation of registered liquidators took to the podium at the Association of Independent Insolvency Practitioners (AIIP) inaugural conference last Friday afternoon, your correspondent was unable to detect any sign of inner turmoil, and to some that might’ve seemed odd. Thea Eszenyi after all is a registered liquidator herself according to the most recent list of practitioners published by…
dVT Group’s Seulen McCallum and Riad Tayeh will likely soon receive communications from Giles Woodgate after the NSW Supreme Court of Justice Fabian Gleeson last week approved Woodgate’s appointment as special purpose liquidator (SPL) of Hemisphere Technologies Pty Ltd (HT). McCallum and Tayeh were appointed liquidators of Hemisphere – which changed its name to ACN 152 546 453 Pty Ltd on December 23, 2016 – in January 2017. Their…
ADVERTORIAL SellersMuldoonBenton is now SMB Advisory (and we have two new partners too). It is with much pleasure and excitement that the Partners of SMB Advisory not only launch the new name and logo but also announce the appointment of Andrew MacNeill and Kristen Beadle as partners from 1 July 2018. The boutique insolvency and restructuring firm with offices in Melbourne, Brisbane, Geelong and Hobart…
The test-case loving litigators running the highly profitable FEG recoveries unit have again spiked McGrathNicol’s cream, this time intervening in an application by the receivers of Australian Road Express (ARX) and Jolly’s Transport Services, who’re seeking orders allowing them to treat receivables as a non-circulating asset. McGrathNicol’s Anthony Connelly, Rob Kirman and Robert Smith made the application back in April this year and served it on…