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…
Shaun McKinnon: Goodbye Grant Thornton, hello BDO. As revealed by iNO last month, Shaun McKinnon has joined BDO after more than seven years at Grant Thornton. Confirming the move this week BDO national head of restructuring Andrew Fielding said McKinnon had joined “as a new advisory partner in the firm’s Brisbane office, specialising in providing Corporate Finance and Restructuring services with a focus on the…
PCI Partner’s John Melluish. PCI Partners’ John Melluish might soon find himself burning the midnight oil, if such an archaism can still be deployed to describe working long hours, after accepting an 11th hour engagement to prepare solvency reports for tennis legend Ken Rosewall. The octogenarian one time grass court maestro is attempting to fend off efforts to recover almost $3.5 million in payments received…
John Kukulovski. Andrew Ngo. In the final months of 2015, a most irregular meeting took place between two senior partners of Jirsch Sutherland and a team of ASIC officers. Information obtained by iNO shows that the aim of the November 24, 2015 meeting was to canvass issues relating to a supposed “confession” made by Andrew Ngo, a former Jirsch director who joined Mackay Goodwin in…
Swim Loops VA Glenn O’Kearney. Queensland practitioner Glenn O’Kearney appears to have been victim of unfortunate timing in relation to his 439A Report on Swim Loops Pty Ltd. The GT Advisory principal distributed his report to creditors on June 12, recommending that creditors accept a deed of company arrangement (DoCA) being proposed by his appointor, Swim Loops founder and director Ian Campbell. Unfortunately, earlier the…
KPMG Australia CEO Gary Wingrove. Having completed its acquisition of Ferrier Hodgson this week, KPMG is now home to more registered liquidators (RL) than any other firm. Based on the most recent ASIC data, the acquisition of Ferriers almost quadruples KPMG’s RL contingent, taking it from nine to 34 as of Monday when receptionists at what had been Ferriers offices started telling callers they had…
ASIC’s Thea Eszenyi. You wouldn’t know it based on the Australian Financial Review’s (AFR) headline this morning but Deloitte and ASIC are in fact still speaking to each other and registered liquidators should be worried. The Fin’s Professional Services editor Edmund Tadros reported that Deloitte had laid into ASIC after the regulator apparently determined Deloitte’s 32 per cent audit quality problem rate ranked well above…
At Jirsch Sutherland no more. Ginette Muller. Image supplied. Little more than a year after merging her boutique advisory with Jirsch Sutherland’s Brisbane office Ginette Muller has stunned her partners by resigning. In a statement yesterday, Jirsch Queensland partner Chris Baskerville expressed regret at the departure of his old boss just 14 months after GM Advisory and Jirsch merged in March 2018. “There was a…
The for lease signs are well and truly up at Level 25, One International Tower Barangaroo where Ferriers Hodgson (Ferriers) is preparing to vacate ahead of the completion of its takeover by KPMG. INO’s property operatives advise that landlord Lendlease has begun marketing the space ahead of the departure of the Ferriers’ team, which must occur before the June 30, 2019 deadline for completion of…
Insolvency Experts’ principal Steve Kugel. CRS Warner principal Anthony Warner The long running dispute between Sydney liquidators Anthony Warner and Steve Kugel continues to fester with the pair now warring over the details of an accounting of the value of WIP from their partnership, which disintegrated in 2014. In the NSW Supreme Court yesterday Justice Guy Parker – who was observed spending parts of the…