Deals & Departures

Novel approach to putting Ally Fashion into VA

BDO partner Jeff Marsden. BDO national leader, business restructuring, Duncan Clubb.Novel was the word on Monday when parties warring over the fate of clothing retailer Ally Fashion came before the Corporations List judge of the NSW Supreme Court.Ally was ordered to be wound up on February 28 following an application in the Federal Court brought by a landlord acting on an unsatisfied creditor’s statutory demand.“We…

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Cussen to enter litigation funding fray

Ex-FEG litigation guru Stephen Humphreys.Clover Risk Funding’s Neil Cussen.Cor Cordis partner Neil Cussen is striking out on a new career path, joining with former FEG litigation operative Stephen Humphreys to launch a best-in-practice litigation fund targeting claims under $10 million.Speaking to iNO this week Humphreys confirmed he and Cussen were negotiating how to team up at Clover Risk Funding, though he said they were still…