ARITA

ARITA National Conference 2019

Michael Hodge QCImage: www.hiredgun.com.au The ARITA National Conference concluded yesterday after two days characterised by variety, colour and the balance of the event’s content. Interested in the emergent role of the chief restructuring officer (CRO)? None other than Mohsin “Mo” Meghji was on hand, recounting in an absorbing Q&A his experience as CRO of iconic US department store Sears Holdings and Toys ‘R’ Us. Wanting…


ARITA Conference 2019

Royal Commission assisting counsel Michael Hodges QC. SEERS restructuring chief Mohsin Meghji. Advertorial Issues of import, insiders speaking frankly and in-depth, explorations of emergent trends by experts from inside the tent – this is a sample of what awaits those attending ARITA’s 2019 National Conference, scheduled to take place in Melbourne next month. For the offshore restructuring buffs (and who isn’t?) organisers have a particular…


ARITA torpedoes logo pirates

You have been warned. Displaying ARITA’s logo is a no no. In a strongly worded message to members this week the Australian Restructuring Insolvency & Turnaround Association (ARITA) took aim at firms who had clearly been operating under the misapprehension that being a member of the national body entitled that member or members to use ARITA’s logo as they saw fit. “While we encourage members to…


conference

ARITA 25th anniversary Conference Wrap

From a purely superficial perspective, the most significant takeaway from ARITA’s 25th national conference was the delegate satchel, a cunningly fashioned navy blue holdall which resembled a gym bag but accommodated all the merch fit to pinch from this most sedentary of industry events. From the perspectives of knowledge and of insight, elevating one moment among the many over the two days is not so straightforward….


Industry responds to phoenix reforms

Industry has been quick to respond to the draft reforms Treasury released in August aimed at more effectively combatting illegal phoenix activity and the verdict from the two key bodies is mixed. Both the Australian Restructuring, Insolvency & Turnaround Association (ARITA) and the Australian Institute of Credit Management (AICM) lodged submissions to the draft reforms on September 28, 2018. The thrust of the submissions is that…


KordaMentha partner exonerated by ARITA

It didn’t take long for ARITA to dismiss the complaints made about member and KordaMentha partner Rahul Goyal. As we reported last week in Tiaro Coal Creditors Gunning For Goyal various individuals connected to Tiaro Coal’s major creditor the Hudson Investment Group complained to ARITA about Goyal’s conduct on the administration. They alleged he was in cahoots with a major creditor with which KordaMentha has a referral relationship…


ARITA’s National Conference unlike any other

Advertorial ARITA’s national conference later this month is likely to be a barometer of the prevailing pre-occupations among an insolvency and restructuring profession fighting headwinds in pursuit of opportunity. Technology, law reform, the economy and corporate culture. ARITA has homed in on the issues which represent both challenge and opportunity and assembled some of the best qualified to explore the risks and rewards attaching to…


Tiaro Coal creditors gunning for Goyal

The stream of fees that’s flowed from the Tiaro Coal liquidation these last few years could get could a little bloodied after some of the company’s major creditors opened a new front in their war with liquidator Rahul Goyal. The gregarious Goyal – one of KordaMentha’s top revenue generators – has been at odds with major Tiaro creditor the Hudson Investment Group pretty much from the commencement of his…


Industry acts as Treasury releases phoenix reforms

Federal Treasury yesterday released its Reforms to combat illegal phoenix activity – Draft Legislation and the insolvency industry’s key association produced a summary of the exposure draft’s key points and invited members to provide feedback for inclusion in the Australian Restructuring Insolvency & Turnaround Association’s (ARITA) submission. The reforms – which are a centrepiece of Financial Services Minister Kelly O’Dwyer’s anti-phoenix crusade, will: Create new phoenix offences to target those…


Expelled ARITA member now bankrupt

It’s been an eventful few weeks for far north Queensland liquidator and former ARITA member Justin James Cadman. On June 6 ARITA announced that it had expelled him from the association after ARITA’s Professional Conduct Committee ruled that he’d brought the reputation of ARITA and the profession into disrepute. That was Wednesday last week. Two days later he was bankrupted in the Federal Court, we believe following…