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Accountants, Conduct, Corporates, Judgment, Liquidations, Liquidators, Litigation, Public Examinations, Restructuring 9 August 2024

Phoenix architect coughs up his $431k fee

McGrathNicol’s Anthony Connelly.McGrathNicol’s Jamie Harris.You know you’re on a winner when the self-described “restructuring specialist” you’ve fingered as a phoenix scheme architect offers to give back the dough.You also know – because you’re an experienced insolvency practitioner who’s been around the block – that nothing is ever simple, and as is shown in the case of TSK QLD Pty Ltd (TSK), such offers are invariably…

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Accountants, ASIC, Bankruptcy, Directors, Judgment, Liquidations, Liquidators, Litigation, Trustees 6 October 2021

Winding up stayed but priority spoils the party

Deloitte partner Robert Woods.Cor Cordis partner Daniel Juratowitch.iNO has rarely read a decision where so many irregularities have been forgiven on the way to ruling in favour of an appellant seeking to terminate a winding up. Yet in Re The Thoroughbred Consultants Pty Ltd [2021] VSC 627 we have detailed reasons why Supreme Court of Victoria judge Michael Osborne decided that a winding up must…