Louttit & Associates’ Jamieson Louttit While the recent ICAC hearings were what put the spotlight on NSW Premier Gladys Berijiklian’s former relationship with former Wagga Wagga local member Darryl Maguire, Sydney insolvency practitioner Jamieson Louttit is also planning to illuminate certain activities connected to the disgraced ex-politician. Last month Louttit replaced PKF’s Brad Tonks as liquidator of UWE Hay Pty Ltd, UWE – Griffith Property…
Auxilium Partners’ Bob Jacobs. There will be jubilation in certain quarters following the sale last week of Pluton Resources’ iron ore operation on Cockatoo Island, located in the aptly named Buccaneer Archipelago off West Australia’s northern coast. Whilst Pluton receiver and Auxilium Partners principal Bob Jacobs can claim credit for succeeding where a procession of his predecessors failed, KordaMentha’s John Bumbak and Janna Robertson (now…
BRI Ferrier’s Peter Krejci. FerrierSilvia’s Brian Silvia. As was foreshadowed by iNO on July 1, veteran liquidator Brian Silvia has parted company with the BRI Ferrier group, though not with the Ferrier name as evidenced by the registration in June of FerrierSilvia Pty Ltd. iNO understands that the split of the NSW BRI Ferrier affiliate was formalised over the weekend. In a statement BRI Ferrier…
Macks Advisory’s Peter Macks. South Australian liquidator Peter Macks faked documents in an attempt to foil an ASIC investigation, a court has found. In Australian Securities and Investments Commission v Peter Ivan Macks (No.4) [2020] SASC 209 South Australian Supreme Court judge Sam Doyle said Macks had acted dishonestly and for the purpose of deceiving ASIC in respect of a memoranda Macks provided to the…
Worrells partner Jason Bettles. Editor’s Note: On Friday, August 18, 2023 Justice Brigitte Markovic of the Federal Court of Australia dismissed ASIC’s case against liquidator Jason Bettles and ordered the regulator to pay Bettles’ costs. ASIC has suffered a humiliating setback in its bid to have the liquidator’s registration of Jason Bettles cancelled, with the Federal Court on Wednesday ordering the regulator to reformulate its…
FTI Consulting’s Joanne Dunn. FTI Consulting’s John Park. It might not deliver the impact of a best seller like The Bourne Identity but around FTI Consulting QLD’s Central Plaza HQ at least we reckon The Busby Affidavit is quite the page turner. Contained within this innocuously monikered document lies nothing less than a bid by the Deputy Commissioner of Taxation’s (DCoT) to relieve FTI’s Joanne…
ASIC’s top liquidator cop Thea Eszenyi. There’s nothing like internal ructions inside a big organisation – think chairpersons paid way too much to move from Hong Kong – to loosen a few lips so when ASIC’s chief liquidator cop Thea Eszenyi referred to $850,000 in costs the regulator had recovered from chastened liquidators who she declined to name it wasn’t hard for iNO to establish…
TMA Australia President Carl Gunther. There’s nothing like starvation, marinated in the promise of feasts to come, to expose the rifts between rivals. To wit the recent outbreak of unpleasantries between the Australian Restructuring and Turnaround Association (ARITA) and the Turnaround Management Association (TMA), which began after ARITA announced late last month that it had detected a potential issue with section 588GAAA Safe harbour— temporary…
Departed Hall Chadwick – David Ross. You know a referral relationship must be tight when an insolvency firm’s lawyer announces the resignation of a senior partner by posting the orders listing the exads the partner’s retiring from on social media. That’s at least what we thought when we saw a post by DSS Law’s Ben Skinner recently declaring that he had “had the pleasure of…
BRI Ferrier’s Geoff Grainger. BRI Ferrier’s Brian Silvia. Anything involving China and Australia is hot right now and in insolvency iNO has identified just such an example, with employee creditors of Brilliant Lifts Australia Pty Ltd (BLA) voting this morning on rival DoCA’s from Chinese and Australian propounders. Chairing the meetings will be BRI Ferrier’s Geoff Grainger, who along with Brian Silvia was appointed voluntary…