Hall Chadwick partner Blair Pleash. An “imprudent” decision to refuse a Calderbank Offer has rebounded on Hall Chadwick partner Blair Pleash, who’s been ordered to pay a hefty costs order on an indemnity basis for the period from February 2020 to April 2021. “They further contended that the lack of response to the offer on the part of the plaintiffs was an “imprudent refusal of…
KPMG partner John Lindholm. Today’s the day for Heidi Elizabeth Walters and Aryn Henry Hala, the former director and director respectively of A One Multi Services Pty Ltd (A One). By 5pm Australian Eastern Standard Time (AEST) the pair, both 40 of Redbank Plains in Queensland, must either surrender access to their bitcoin accounts or breach orders of the Federal Court. The only alternative –…
KPMG’s Tim Michael. KPMG partner John Lindholm. Gold Coast solicitor Chris Nyst could have the makings of a momentous new novel at his fingertips following ASIC’s ex-parte application for orders freezing the assets and confining to the jurisdiction Heidi Elizabeth Walters and Aryn Henry Hala. “The significant difficulty for ASIC is that, by its nature, cryptocurrency is easily transferred and moved about. Moreover, it can…
McGrathNicol’s Rob Kirman. There can’t be too many liquidators who, having completed a public examination of a director, learn that the examinee has decided he’d like to more time in the witness box. And not just more time. More time to be asked the right questions by his own counsel in fact, and more time to provide answers that are somehow preferable to the answers…
Deloitte partner Robert Woods. Cor Cordis partner Daniel Juratowitch. iNO has rarely read a decision where so many irregularities have been forgiven on the way to ruling in favour of an appellant seeking to terminate a winding up. Yet in Re The Thoroughbred Consultants Pty Ltd [2021] VSC 627 we have detailed reasons why Supreme Court of Victoria judge Michael Osborne decided that a winding…
Kroll special advisor Steve Parbery. You couldn’t make it up. A mining magnate’s nephew on the run in Eastern Europe, in contempt of court for failing to show for public examination by a special purpose liquidator (SPL), the SPL settling the contempt case; and the courts then stepping in to pursue it. ” … on about 6 June 2016, Mr Mensink departed Australia for a…
McGrathNicol partner Jason Ireland. Funding and freezing orders were to the fore yesterday as lawyers for Westpac and alleged fraudsters Bill Papas and Vincenzo Tesoriero returned to the fray before Federal Court judge Michael Lee. “I’d be interested to hear from the liquidator and if the only obstacle is purchasing a ticket then I would’ve thought that the liquidator would want him back but the…
O’Brien Palmer’s Daniel Frisken. O’Brien Palmer partner Daniel Frisken has had to go to Court to have his June 16, 2021 appointment as voluntary administrator (VA) of NPH Group validated after the company’s sole director conceded he’s a bankrupt. On Wednesday Federal Court judge Elizabeth Cheeseman heard that Frisken needed to have confirmed his appointment as both VA and as liquidator of the troubled builder, the latter…
Vincents director Henry McKenna. Being a deed administrator (DA) of one company whilst voluntary administrator (VA) of a related entity doesn’t have to present insurmountable obstacles in regards to independence, but when it comes to persuading a court why a winding up application of the company in VA should be adjourned, you have to bring your A game. That includes providing compelling reasons why a…
Grant Thornton’s Said Jahani. McGrathNicol partner and forensic accounting guru Robyn McKern. The litigation being pursued by Delta Coal Mining Pty Ltd (Delta) liquidators Said Jahani and John McInerney is set to test the forensic mettle of McGrathNicol partner and referee in demand Robyn McKern. The Grant Thornton pair have commenced proceedings for unfair preferences and for insolvent trading with combined claims totalling $25 million….