ARITA

McKenna ousted by court after resisting creditors

A resolution put to a meeting of creditors by an owners corporation seeking the removal of Henry McKenna as liquidator of Iris Diversified Property Pty Ltd has been confirmed by the NSW Supreme Court this week. On Tuesday, June 6, 218 Justice Ashley Black ordered that the soon-to-be ex-Jirsch Sutherland partner be replaced by O’Brien Palmer’s Chris Palmer and Liam Bailey and that the incoming appointees’ costs by…


ARITA expels third member in two months

Whilst INO is loath to encourage a perception that it should change its masthead to “Expulsion Monthly”, it behoves us to report that the Australian Restructuring Insolvency & Turnaround Association (ARITA) has cast out another member, the third such eructation since April. The latest to fall foul of the ARITA Code of Professional Practice is Queensland practitioner Justin James Cadman, who readers may recall was…


Cor Cordis partner expelled from ARITA

The middle of a national rebranding campaign is not when a firm wants one its most senior and prominent practitioners to be unfavourably exposed but following publication of a disciplinary notice by ARITA, Cor Cordis finds itself in such a position. Posted on the ARITA website last Friday, the notice discloses that Ozem Kassem, one of Cor Cordis’s senior partners in NSW, has been expelled from…