Directors

Court to scrutinise fees after reality trounces estimate

Marcus Watters of Hall Chadwick. Spurned creditor, irate director, frustrated shareholder and jilted buyer makes for a potent shot of resentment, particularly when distilled into a single individual but this is the draught three Hall Chadwick partners may have to swallow after proceedings were commenced in the Supreme Court of Queensland challenging their wildly underestimated fees. Preparation of this witch’s brouhaha began shortly after Hall…

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Administrator ordered to disgorge as DoCA injuncted

Sales Advisory founder Sule Arnautovic. (Image https://www.salea.com.au)A decision by an administrator to use his casting vote to push through a deed of company arrangement (DoCA) at the recently held second meeting of creditors of WMINES Limited has blown up after a secured creditor obtained orders in the Federal Court restraining the administrator from giving the deed effect.“The Chairperson stated it was his belief that the…