Corporates

Insolvency Rankings – the top liquidators

Mackay Goodwin’s Domenic Calabretta. Image Mackay Goodwin. Last week iNO published some highlights from Sivaa Consulting working with BTLawyers‘ insolvency rankings for the first half of 2019/2020. Today we’re going a little more in depth, putting names and numbers of appointments together to show the top 15 liquidators nationally. As reported Grant Thornton’s Said Jahani topped the rankings with around 120 appointments to his name…


UPDATE! Insolvency Rankings – 1st half 2019/2020

Ralan Group boost: Grant Thornton’s Said Jahani. FTI Consulting’s Joanne Dunn. iNO had a stumble on Wednesday with some incomplete insolvency statistics but regrouped and today brings you the definitive breakdown for 1st half 2019/2020. Generously provided by Tony Sivaa of Sivaa Consulting, working with BTLawyers, the picture painted is familiar. Worrells is yet again front runner nationally with more than 450 appointments, including 314…


Conflicts behead EY’s Sydney restructuring team

Liquidator at large: Marcus Ayres. Adios EY – Brett Lord. To lose one senior partner from your restructuring team might seem like carelessness but two? Simultaneously? Such however is the situation EY finds itself in following the resignations of Sydney-based insolvency supremos Marcus Ayres and Brett Lord, who gave notice before Christmas. While Ayres has already departed, Lord is we understand negotiating his notice period….


Olde boosts Ankura presence with FTI hires

From FTI to Ankura – Preeti Inchody From FTI to Ankura – Liam Healey Given Ankura’s global boss Kev Lavin was once part of FTI Consulting it comes as no surprise to see Quentin Olde, the man responsible for establishing Ankura’s presence down under and himself a relatively recent departee from FTI, turning to FTI’s ranks to build a team. Olde was on Linked In…


Crinitis – tough market or tougher tax debt?

Crinitis’ VA Graeme Beattie. Worrells’ Graeme Beattie has been careful in his public statements regarding the collapse of the Crinitis restaurant group. He’s reportedly spoken of difficult trading conditions and the closure of poor performing sites to preserve value.  He’s quoted as referring to the possibility that some portion of the business might be salvaged via sale as a going concern or if not a…


Breaking: BRI Ferrier defectors rebadging as SV Partners SA

Stuart Otway. Alan Scott. The rumour mill’s running hot as Hades in the city of churches with iNO reliably informed that BRI Ferrier duo Alan Scott and Stuart Otway are preparing to rebadge as SV Partners. SV partners and Jirsch Sutherland have been making approaches to Adelaide-based insolvency practitioners for some time according to our sources and it would seem that SV has decided to…


dVT pair’s appointment confirmed at last

dVT’s David Solomons. dVT’s Antony Resnick. To say it’s been a while would be to criminally underestimate the time it’s taken for dVT’s Dave Solomons and Antony Resnick to be confirmed in their appointment as administrators of the Carzapp (CZA) group of companies. The pair were appointed in August 2017 but by April 2018 a shareholder who was also one of the three directors of CZA had…


“Dirty expert” cloud has Silvia lining for BRI partner

BRI Ferrier’s Brian Silvia. BRI Ferrier’s Brian Silvia had a win in the Supreme Court of Victoria earlier this month when a judged rejected claims that he was a “dirty expert” and that a report he authored for one side in a dispute among members of Melbourne’s wealthy Auswild family should be ruled inadmissible. In mid-2013 Silvia had been engaged by several members of the…


ASIC extracts guilty pleas from pre-insolvency advisers

The corporate cop has secured a much needed win after two pre-insolvency advisers pleaded guilty to money laundering. In a statement yesterday ASIC said that Stephen O’Neill of Port Melbourne, Victoria and John Narramore, of Main Beach Queensland had both pleaded guilty in the Brisbane District Court to one charge of dealing in the proceeds of crime. The hapless client who engaged them – Cap…


Liquidators win $20m settlement from Merhis Corp

AIIP president Stephen Hathway. Helm Advisory’s Phil Hosking. iNO hears that common sense and self-interest have prevailed to deliver a big win for liquidators Stephen Hathway and Phil Hosking, and that means a big win for unsecured creditors of multiple entities associated with the Merhis construction group. While official confirmation is pending, iNO can reveal that the people behind Merhis have agreed to pay around…