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Corporates

Administrators, Corporates, Creditors, Deed Administrators, Litigation, VA's & DoCA's 24 April 2024

Owners Corp seeks to terminate “cram down” DoCA

Is it a cram down or is it not? That’s the question a judge will have decide if proceedings currently afoot in the NSW Supreme Court are not soon resolved. And if the dispute goes to hearing the outcome could see two incumbent deed administrators (DAs) punted, a DoCA terminated and a mid-tier builder wound up. The matter came to iNO’s attention last week when…

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Corporates, Fees, Judgment, Liquidators, Litigation, Litigation Funding, Preferences, Public Examinations, Voidable Transactions 24 November 2023

i-Prosperity giving Cor Cordis plenty to chew on

Cor Cordis partner Jeremy Nipps. Cor Cordis partner Barry Wight. The old adage about biting off more than you can chew and chewing like hell came to mind this week as iNO digested the judgment of Justice Catherine Button in Nipps, in the matter of i-Prosperity Pty Ltd (in liq) [2023] FCA 1446. Her honour was ruling on an application brought by Cor Cordis partners…