ASIC

Aye Carrafa! Liquidator appeals calamitous ruling

SV Partners’ executive director Michael Carrafa. SV Partners‘ executive director Michael Carrafa is appealing the reputational evisceration he was dealt in December by Supreme Court of Victoria judge Clyde Croft, who ruled that Carrafa had breached his duties as liquidator of Gemwood Projects Pty Ltd (Gemwood) by prosecuting litigation he knew to be hopeless. As reported by iNO in January the judge had dismissed Carrafa’s…

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Handling of replacement resolution may be challenged

Jones Partners Daniel Soire. A liquidator who favoured a pair of proofs over a lone vote with majority in value may still be ousted if the unsuccessful creditor, who’s claiming $600,000, heads to court. The stoush involves Jones Partners’ Daniel Soire, who was appointed liquidator of Technology Solutions Experts Pty Ltd via creditors voluntary on April 17 this year. At a meeting convened on June…