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Conflict

ATO, Conflict, Creditors, Directors, Independence, Judgment, Liquidations, Liquidators, Litigation, PPSR, Proof of debt, Receivers 1 November 2024

PwC partner’s conflict surmountable court concludes

PwC partner Derrick Vickers.A Queensland company director who thought he could juggle a construction business and a bloodstock agency no doubt thought ousting an unwanted liquidator would be a doddle. Yeah nah.In the Federal Court this week Justice Roger Derrington ruled that while the director’s legal team had identified potential for conflict it was insufficient to justify the appointee’s removal.“The point sought to be advanced…

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Conflict, Directors, Fees, Independence 28 February 2024

Higher fees sees Judge reject Hall Chadwick

Hall Chadwick partner Blair Pleash.Marcus Watters of Hall Chadwick. Deciding which party’s liquidator will be appointed has occupied the minds of more than a few judges so far this year, but the following is the first decision in which respective charge out rates have figured prominently in the judicial deliberations.The matter comes courtesy of two directors who fell out and could agree only that their…