BDO partner Andrew Sallway. Despite opposition Andrew Sallway and Duncan Clubb have again secured remuneration approval for work performed on the Crown Group Holdings (CGH), taking total fees green lighted to $12,221,746.50 over three years. “Given the way the material has been presented, it is not straightforward to work out, with any ease, precisely what was done and by whom in relation to particular activities.”…
BRI Ferrier’s John Keenan. BRI Ferrier’s Peter Krejci. BRI Ferrier duo Peter Krejci and Jonathon Keenan are becoming accustomed to complaints of conflict as they investigate – with funding from the ATO – the affairs of various corporate groups that share among other things an aversion to paying the ATO. “At the hearing, the applicants accepted that there is no actual conflict of interest but…
Meertens’ James McPherson. Hall Chadwick partner David Trim. Only in South Australia? Harsh perhaps but where an application was made by a creditor for the issue of examination summonses to individuals – some of whom weren’t directors or officers of the relevant company – shortly before the liquidator appointed filed a notice of intention to retire? Well then, the question must be asked. The liquidator’s…
Cathro Partners’ Henry Kazar. Switching from Mills Oakley to ERA may have injected fresh impetus into Henry Kazar’s pursuit of funds allegedly diverted by the controllers of Canberra-based labor hire outfit PF1 Solutions Pty Ltd (PF1) but it’s come at a cost, with a court this week ordering Kazar to find $75,000 to stump up for security for costs. The order – made in PF1…
WLP Restructuring’s Glenn Livingstone. The legal profession crowed in concert on May 15 when NSW Supreme Court judge Peter Brereton threw a lifeline to Hudson Global Resources (AUST) Pty Limited (HGRA), one of the Albanese government’s preferred labour hire firms and a recidivist tax evader. Justice Brereton’s decision In the matter of Hudson Global Resources (Aust) Pty Limited [2026] NSWSC 535 stayed the effect of…
KPT Restructuring’s Ozem Kassem. McGrathNicol’s Anthony Connelly. How inconvenient. There was Ozem Kassem, helming Videriva Pty Ltd under the flag of an MVL when alongside comes Anthony Connelly and Kathy Sozou, demanding he take on an unwelcome cargo which, following a hearing in the Federal court this week, will likely force the KPT Restructuring founder to hoist the more commonly flown pennant of an insolvent…
BDO national leader, business restructuring, Duncan Clubb. Three BDO partners have had zero luck gambling on a scantily supported claim, with the Federal Court dismissing their application for recovery of an alleged inter-company debt and ordering them to pay the defendant’s costs. In Marsden, in the matter of Empire Consortium Group Pty Ltd (in liq) v Nationwide Plant Hire Pty Ltd [2026] FCA 911 Justice…
Grant Thornton’s Said Jahani. The 168 eligible shareholders of Grant Thornton Australia Limited (GTAL) might be generally fixated on the windfall coming via their global parent’s offer to buy them out, but that doesn’t mean the proposed scheme of arrangement (Scheme) denies them the chance to gripe. “This scheme is out of the ordinary in several respects, in that it involves a company operating a…
HM Advisory’s Cameron Gray. The US directors of Mawson Infrastructure Group Inc (MIGI) have been denied leave to set aside the W Capital Advisors DoCA and ordered to pay their opponents’ costs. Given they’ve yet to provide MIGI’s Australian liquidator with the company’s books and records despite having 18 months to do so, the process of recovering those costs might yet provide further grist for…
Victorian liquidator Peter Goodin. Judicial distaste for adjournment applications brought on the eve of winding up hearings hasn’t discouraged everyone from rolling the dice, and as long as creditors don’t end up paying we say good on these enterprising mavericks for having a crack. That said, they should at least come to court with some means to persuade the bench. On Monday lawyers for Magnetic…