Duff & Phelps’ Marcus Ayres. Duff & Phelps’ Steve Parbery. As iNO reported last week, Duff & Phelps duo Marcus Ayres and Steve Parbery have had their hands full winding up Queensland coal mine operator ICRA Rolleston Pty Ltd (ICRA). ICRA’s sole director – John Phillip Canavan – suspects the pair of having a conflict with ICRA’ former joint venture partner and his nemesis Rolleston…
LMFMIF receiver David Whyte. FTI Consulting’s John Park. When David Whyte announced his retirement from the BDO partnership in mid-2021, he spoke of a post-work existence devoted to the beach, the golf course and the cabins of aircraft bound no doubt for destinations neglected during his more than 40 years as a banker, accountant and liquidator. “Will finish a couple of old court appointments along…
Duff & Phelps’ Marcus Ayres. Duff & Phelps’ Steve Parbery. Like most insolvency practitioners Marcus Ayres and Steve Parbery have plenty of experience with being unwanted. It comes with territory, and while that might prompt speculation about the personality type best suited to a long career in insolvency, for present purposes iNO would like to bring to your attention the administration of ICRA Rolleston Pty…
iNO Opinion Questions of competency and the like have dogged the corporate regulator for some time, though from the perspective of the insolvency profession those questions have been magnified since ASIC imposed a levy on registered liquidators’ earnings that adjusts to cover losses the regulator incurs as a consequence of failed litigation. Just where the limits of such questioning lies remains undetermined but a recent…
After seeing the number of appointments being relinquished by Queensland-based liquidator and trustee Brendan Nixon, iNO can but wonder wonder at the depth of cosiness which must exist between SM Solvency Accountants‘ owner Jarrod Sierocki and at least some of the equity parters at Vincents. As revealed by documents lodged by Nixon’s lawyers in the Federal Court, all told the Vincents trio of Nick Combis,…
Hall Chadwick partner Kathleen Vouris. Hall Chadwick’s Richard Albarran. It’s not often that a pair of administrators seek the court’s approval to extend a convening period with the excuse that they’re waiting for a foreign government to stump up a deed contribution that’ll make all debts disappear. Hall Chadwick partners Richard Albarran and Kathleen Vouris however can lay claim to this rare distinction. As administrators…
Ex-liquidator and former Jirsch Sutherland partner Amanda Young. Ex-liquidator and convicted fraud Amanda Young has avoided gaol after a judge yesterday ordered that the 41 year old serve a term of imprisonment totalling 27 months while subject to an intensive corrections order (ICO). At the conclusion of a two and half hour hearing District Court judge Kara Shead said that but for Young’s fragile mental…
Vincents Business Advisory director David Rose. SM Solvency Accountants’ Jarrod Sierocki. As iNO reported last week, our recent investigations indicate that SM Solvency Accountants, having lost key staff in the past few months, was also about to lose Brendan Nixon, the only member of the firm authorised to accept insolvency appointments. Despite multiple requests via mail and voicemail to either confirm or deny neither Nixon…
The practice of judge shopping is well understood and acknowledged – though perhaps less than common – but what about the opposite? What about proffering for a judicial officer’s consideration an application formulated in a manner guaranteed to antagonise? This was the question that occurred to iNO after a liquidator brought a claim for remuneration deficient in detail before a judge renowned for looking bleakly…
Brendan Nixon. When a firm has but a single WIP magnet, its continued existence might be deemed precarious when the appointment taker declares he’s done. According to iNO’s sources, that’s what’s happening up in Annastonia where Jarrod Sierocki’s SM Solvency Accountants is contemplating the departure of key man and registered liquidator Brendan Nixon. We hear Brisbane-based Nixon has decided to take a break and with…