Conflict

Adjourned first meeting puts replacement VA on hold

JP Downey & Co’s Jim Downey. Hall Chadwick’s Richard Lawrence. A funny thing happened last week. Whoever chaired the first meeting of creditors of Bluechain Pty Ltd adjourned it without creditors voting on the usual resolutions in respect of whether or not to form a committee of inspection and retain or replace the administrators. Inquiries directed to Bluechain’s incumbent appointees did not elicit a reply….


ProvLiqs appointed VAs but denied scope to tender

Hall Chadwick’s Richard Albarran. Hall Chadwick’s Richard Lawrence. Hall Chadwick’s Richard Albarran and Richard Lawrence have had to settle for a more than usually restrained role as administrators after Victorian Supreme Court Judge Jim Delany restrained them from conducting any tender or sale process of the assets of Bluechain Pty Ltd. Albarran and Lawrence were appointed provisional liquidators of the company in February following an…


Administrator forced to adjourn Grocon DoCA vote

Grocon administrator Craig Shepard KordaMentha partner Craig Shepard was forced to adjourn the second meeting of the Grocon Administration Groups (Grocon) yesterday after the ATO proposed a compromise to assuage recalcitrant creditors pushing for a 45 day hiatus. Ahead of the meeting Shepard and his co-administrators Andrew Knight and Mark Korda had been adamant in their recommendation that the deed of company arrangement (DoCA) being…


Liquidator alleged to have knowingly misled court

Liquidator Gavin Moss outside the NSW Supreme Court this week. Never has iNO regretted scheduling a dental appointment more than when an hour of root canal on Wednesday morning led to us missing the moment liquidator Gavin Moss was alleged to have knowingly misled a court. Stoically endured and lavishly anaesthetised discomfort aside, the making of this allegation before NSW Supreme Court judge Kate Williams…


Resistance became acceptance after breakfast

Chifley Advisory’s Gavin Moss Sydney liquidator Gavin Moss would’ve donned his best asbestos before fronting the NSW Supreme court yesterday, well aware he might be exposed to incendiary cross examination in respect of an application to remove him as liquidator of Fogo Brazilia Franchise Holdings Pty Ltd (FBFH). The ditch-and-replace initiative is being brought by Rebel Sports co-founder Ian Dresner of Fogo Brazilia Holdings Pty Ltd…


FOGO liquidator resisting conflict conniptions

Chifley Advisory’s Gavin Moss Further details of the bid to remove Gavin Moss as liquidator of Fogo Brazilia Franchise Holdings Pty Ltd (FBFH) emerged this week when a court ruled on an application to have a subpoena seeking details of communications between Moss, his funder and his funder’s lawyer set aside. The subpoena was issued to Stewart Levitt of Levitt Robinson Solicitors on February 24,…


Ex-Deloitte partner quizzed over Last Lap restructure

Cor Cordis Melbourne partner Bruno Secatore. Deloitte Restructuring Consultant Simon Wallace-Smith. Eventful on multiple levels best describes yesterday’s public examination (PE) of former Deloitte partner and now consultant Simon Wallace-Smith, who was being questioned about his former tenure as liquidator of Last Lap Pty Ltd by counsel for the current incumbent. To start with, there were problems with all the parties being on the same…


Will inquisition end as Carnell calls it quits?

Opinion Incoming Small Business Ombudsman Bruce Billson. Small Business Ombudsman and liquidator’s bane Kate Carnell. Insolvency practitioners can but hope that the persecution will end now that former Federal Minister of Small Business Bruce Billson has been anointed to replace the inquisitorial Kate Carnell as Australian Small Business and Family Enterprise Ombudsman (ASBFEO). Billson did not return calls yesterday to explain how or even if…


referrer

RL’s links with referrer upset ICON directors

O’Brien Palmer’s Chris Palmer. There’s nothing like being in business with your referrer to get an appointee offside with someone and at least some of those connected to ICON Construction (NSW) Pty Ltd (ICON) were recently in a flap about Chris Palmer. Following the granting of consent orders in the NSW Supreme Court the O’Brien Palmer principal and colleague Liam Bailey replaced ICON administrator Ben…


Appetite for excitement pinged by judge

CJG Advisory’s Mathew Gollant. Melbourne-based IP Mathew Gollant must possess a fair appetite for excitement given his acceptance of an appointment as liquidator by creditors voluntary liquidation (CVL) of ACN 081 014 208 Pty Ltd, which until September 30, 2020 went by the name Millennium Electronics Pty Ltd (Millennium). iNO’s arrived at this conclusion after reading the judgment of South Australian Supreme Court judge Mark…