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Administrators

Administrators, Corporates, Creditors, Deed Administrators, Litigation, VA's & DoCA's 24 April 2024

Owners Corp seeks to terminate “cram down” DoCA

Is it a cram down or is it not? That’s the question a judge will have decide if proceedings currently afoot in the NSW Supreme Court are not soon resolved. And if the dispute goes to hearing the outcome could see two incumbent deed administrators (DAs) punted, a DoCA terminated and a mid-tier builder wound up. The matter came to iNO’s attention last week when…

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Administrators, Conduct, Corporates, Costs, Creditors, Directors, Independence, Judgment, Litigation, VA's & DoCA's 15 December 2023

Liquidator invites adverse findings scrutiny

This may be the cautionary tale to top them all. Levi Consulting’s David Levi. A registered liquidator, making submissions in respect of costs, has – unwittingly we presume – required a judge of the NSW Supreme Court to consider making adverse findings against him. The mother of all own goals, scored on the eve of the new year, though we won’t know till after 4:00pm…