Steve Jardie of I&R Advisory. Peter Amos (R) outside the NSW District Court. The firm of disgraced ex-liquidator Amos Insolvency has been wound up by a former staff member. In the NSW Supreme Court this week orders were made appointing Wayne Marshall and Alan Hayes as liquidators of Amos Insolvency. The winding up application was brought on last month under Section 459P of the Corporations…
New Cor Cordis partner Rahul Goyal. New Cor Cordis Sydney Practice head Kate Conneely. Mere months after resigning from KordaMentha, Sydney liquidator Rahul Goyal has engineered a potential new space in the insolvency market, in the process robbing KordaMentha of one of its most prominent performers and initiating the imminent departure of Cor Cordis Sydney partner Ozem Kassem and others. Reliable sources told iNO this…
FTI Consulting’s Kate Warwick. KPMG’s David Hardy. Thanks to a judge’s preparedness to make suppression orders iNO can’t say as much as we reckon should be said about yesterday’s application by the administrators of failed cosmetics group BWX Pty Limited for an extension of the period in which to convene the second meeting of creditors. The application was the second made by FTI Consulting’s Joe…
Olvera Advisors Neil Cussen. AL Restructuring founder Andre Lakomy. As we pass into the new financial year iNO can update readers in respect of our recent reporting of ructions in the Sydney offices of Cor Cordis. As of this week it appears the Sussex Street headquarters of the national firm helmed from Melbourne by Cor Cordis managing partner Bruno Secatore has lost four registered liquidators,…
Fort Restructuring co-founder Mark Robinson. Fort Restructuring co-founder Ken Whittingham. With the COVID freeze on decision-making thawing and restraints on the proper application of debt recovery and insolvency laws removed, practitioners are launching new firms in increasing numbers. Among them are Mark Robinson and Ken Whittingham, who’ve teamed up to form Fort Restructuring, an SME and creditor-focussed practice the pair plan to grow into a…
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…
Exploring new opportunities: Neil Cussen. Sydney partner Ozem Kassem. The recent ructions in the Sydney office of national mid-tier Cor Cordis have resulted in star recruit Neil Cussen leaving the firm. “We’re currently working through the details to facilitate Neil’s amicable departure.” In a statement issued late last night Cor Cordis national marketing manager Lidia Bufalino said: “Further to our statement issued on Tuesday 11…
Cor Cordis Sydney practice head Neil Cussen. Cor Cordis Sydney partner Ozem Kassem. For some weeks iNO has been hearing that change is afoot in the Sussex Street offices of the Cor Cordis Sydney practice. Departures. A break up. A disintegration. The rumours careened wildly about, lacking perimeters to curb the speculative extent of their fanciful flights. Until last night when the firm issued a…
Hall Chadwick’s Richard Albarran. I&R advisory partner David Ingram. A certain liquidator might be indulging a few spoonfuls of the guilty relish Germans call schadenfreude, if as iNO imagines, he has learned that the liquidator pursuing our delighter in the discomfort of others is in turn being sued by his former practice partners. To understand this tale however we must go back to 2020, approximately…
Vincents’ Nick Combis. Merchant Advisory’s Louisa Sijabat. A successful appeal in the Federal Court has left two registered trustees facing a hefty costs order from an unenviable position deep in the hole on their fees. The pair, who’ve been pursuing almost $550,000 they claimed the bankrupt had paid into his superannuation fund to defeat creditors, had opposed the appeal. But the decision handed down this…