Articles by Peter Gosnell

iNO Good Cause – Support Warren Galgut and motor neurone disease research

iNO is committing precious haircut funds to assist Pitcher Partners’ Warren Galgut and MND research. You can too. #stayingunkemptforWazz The unkempt 60 year old in the adjacent photograph is me. Pretty much now. Thanks to COVID, I have discovered areas of my scalp still capable of sustaining coverage. Thanks COVID. Until recently I was also looking forward to the day I would eyeball my Lebanese…


iNO Jobs: Intermediate Insolvency Accountant

Brisbane CBD, Full Time B&T Advisory is a boutique insolvency and business consulting firm with over 40 years combined experience specialising in Insolvency and reconstruction services. We have locations in Brisbane and the Gold Coast and provide services to accountants, legal advisers, financial advisers and anyone that is in business. We are approachable, down to earth and we value our clients. The Firm is dedicated…


Litigation funder burned by indemnity costs

BRI Ferrier’s Peter Krejci. FerrierSilvia’s Brian Silvia. If there was anyone happier with the outcome detailed in Jin Lian Group Pty Ltd (in liq) v ACapital Finance Pty Ltd (No 2) [2021] NSWSC 1202 than property investor Owen Chen then it was probably BRI Ferrier partner Peter Krejci. “What is certain is that the proceedings would have come to an end on 14 August 2020…


Settlement of contempt by SPL no barrier to courts

Kroll special advisor Steve Parbery. You couldn’t make it up. A mining magnate’s nephew on the run in Eastern Europe, in contempt of court for failing to show for public examination by a special purpose liquidator (SPL), the SPL settling the contempt case; and the courts then stepping in to pursue it. ” … on about 6 June 2016, Mr Mensink departed Australia for a…


Judge invites Forum liquidators to fly Papas home

McGrathNicol partner Jason Ireland. Funding and freezing orders were to the fore yesterday as lawyers for Westpac and alleged fraudsters Bill Papas and Vincenzo Tesoriero returned to the fray before Federal Court judge Michael Lee. “I’d be interested to hear from the liquidator and if the only obstacle is purchasing a ticket then I would’ve thought that the liquidator would want him back but the…


Validation sought after appointor admits bankruptcy

O’Brien Palmer’s Daniel Frisken. O’Brien Palmer partner Daniel Frisken has had to go to Court to have his June 16, 2021 appointment as voluntary administrator (VA) of NPH Group validated after the company’s sole director conceded he’s a bankrupt. On Wednesday Federal Court judge Elizabeth Cheeseman heard that Frisken needed to have confirmed his appointment as both VA and as liquidator of the troubled builder, the latter…


DA with related VA fails to adjourn wind up Monday

Vincents director Henry McKenna. Being a deed administrator (DA) of one company whilst voluntary administrator (VA) of a related entity doesn’t have to present insurmountable obstacles in regards to independence, but when it comes to persuading a court why a winding up application of the company in VA should be adjourned, you have to bring your A game. That includes providing compelling reasons why a…


iNO Opinion: ASIC arrests decline but trend continues

ASIC, all powerful approver and refuser of applications from those aspiring to be registered as liquidators, has arrested the worrying decline in the accountancy sub-species with latest figures showing the number of RegLiqs has bounced off a 20 year low. In its recent Licensing and professional registration activities: 2021 update the regulator revealed that after approving 31 applications for registration in the period from July…


Plenty at stake as referee and liquidators differ

Grant Thornton’s Said Jahani. McGrathNicol partner and forensic accounting guru Robyn McKern. The litigation being pursued by Delta Coal Mining Pty Ltd (Delta) liquidators Said Jahani and John McInerney is set to test the forensic mettle of McGrathNicol partner and referee in demand Robyn McKern. The Grant Thornton pair have commenced proceedings for unfair preferences and for insolvent trading with combined claims totalling $25 million….


Millions from money launderers won – now for the fun

Mackay Goodwin’s Mitchell Ball. Mackay Goodwin’s Mitchell Ball knew he had a big number but it must have been satisfying to scroll through the amounts – many in their millions – that NSW Supreme Court chief judge in equity Julie Ward this week confirmed are owed to various companies to which Ball is liquidator appointed. Thus is another money laundering scam founded in labour hire…