Deals & Departures

Hall Chadwick engages safe harbour enthusiast

After several months contemplating her future from the perspective-focussing environs of the Holy Lands, Queensland-based liquidator Ginette Muller has agreed to join Hall Chadwick as a salaried partner. Speaking to iNO yesterday Muller confirmed the move, adding the expected cautionary note about issues yet to be resolved with former firm Jirsch Sutherland in respect of WIP. “I’m luckier than most because I have so few…


Olde to establish Ankura restructuring after FTI adios

Bound for Ankura – Liquidator Quentin Olde. Liquidator Quentin Olde looks to be preparing to establish an Asia Pacific restructuring practice for global professional services firm Ankura after resigning earlier this year as a senior managing director at FTI Consulting. Olde, who is on gardening leave until October 1, confirmed yesterday that he had joined the US headquartered, multi-disciplinary advisory firm but otherwise declined to…


Suspect referral came from lawyer with Plutus links

Living in Prague: Clamenz Lawyers’ Daniel Clarke. INO has republished this article because it has been brought to our attention that the previous version contains imputations that Veritas Advisory, and its directors, knowingly accepted an appointment of a company involved in a tax scam.  In fact the Plutus Payroll Australia Pty Ltd appointment was not referred to Veritas Advisory by Mr Clarke or Clamnez Lawyers. …


Jirsch liquidator departs for rival

Moved to Chan Naylor? Jirsch Sutherland’s Liam Bellamy. The Melbourne cohort of the Jirsch Sutherland partnership could be in the market for a fresh liquidator after the departure of Liam Bellamy, who we are reliably informed has defected to Chan Naylor. Bellamy will join John Kukulovski, another ex-member of the Jirsch Melbourne office who according to the Chan Naylor website is the firm’s National Insolvency…


KPMG now Australia’s RL capital

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…


Lady liquidator on the loose

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…


Receiver seeks discharge over “other issues”

Liquidator David Iannuzzi. I infer, therefore I am. Such were the inanities wont to shuffle behind INO’s eyeballs during pauses in the Supreme Court’s Corporations List on Monday morning. Fortunately for you, good readers and bad, such philosophical meanderings are infrequent and the most recent evaporated instantly upon the detection of an irregularity. In these opportunity-starved times, an insolvency practitioner seeking to be discharged from…


IP’s days look numbered

Artemis Insolvency’s Peter Dinoris. Queensland liquidator and trustee in bankruptcy Peter Dinoris could be preparing to exit the formal end of the insolvency game after the IP transferred dozens of files to a rival. The Supreme Court of Queensland this week made orders transferring 44 of Dinoris’s court liquidations (CLs) and creditors voluntary liquidations (CVLs) to Jonathan McLeod and Bill Karageozis of McLeod Partners. INO…


Lend Lease looking beyond Ferriers’ imminent exit

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…


Ownership scrutinised as ex-partners fight over WIP

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…