O’Brien Palmer’s Daniel Frisken. (Image: O’Brien Palmer) Hall Chadwick partner Sule Arnautovic. (Image: Hall Chadwick) Everybody wants to be an iron ore magnate these days but liquidator Daniel Frisken’s foray into the mining and minerals game has come unstuck with the placing into voluntary administration (VA) of ICA Mining, a company which had until recently purported to be advancing the resurrection of the old Peko…
EY’s Sam Freeman. Never let more than $340,000 worth of pre-appointment work influence concepts like the apprehension of independence seems to be the approach adopted by the trio of EY IPs who recently consented to act as voluntary administrators (VAs) of the Pindan property and asset management group. This at least is iNO’s opinion arrived at after reading the DIRRI distributed by Sam Freeman, Colby…
O’Brien Palmer’s Chris Palmer. There’s nothing like being in business with your referrer to get an appointee offside with someone and at least some of those connected to ICON Construction (NSW) Pty Ltd (ICON) were recently in a flap about Chris Palmer. Following the granting of consent orders in the NSW Supreme Court the O’Brien Palmer principal and colleague Liam Bailey replaced ICON administrator Ben…
Departing Deloitte partner Vaughan Strawbridge. Deloitte Queensland managing partner John Greig. Insiders close to the Virgin administration have rejected elements of speculation around Deloitte partner Vaughan Strawbridge‘s decision to defect to FTI which iNO reported recently. No swords were crossed by the administrators in the engineering of Virgin’s DoCA was the word from well placed sources, who dismissed rumours Strawbridge and Deloitte Queensland managing partner…
CJG Advisory’s Mathew Gollant. Melbourne-based IP Mathew Gollant must possess a fair appetite for excitement given his acceptance of an appointment as liquidator by creditors voluntary liquidation (CVL) of ACN 081 014 208 Pty Ltd, which until September 30, 2020 went by the name Millennium Electronics Pty Ltd (Millennium). iNO’s arrived at this conclusion after reading the judgment of South Australian Supreme Court judge Mark…
Hall Chadwick’s Steve Gladman. Hall Chadwick’s Richard Albarran. Hall Chadwick partners Steve Gladman, Richard Albarran and David Ross have lodged no shortage of DIRRIs these past seven months in a bid to clarify the extent of their involvement with Pacific Biotechnologies Ltd (PacBiotech). Given that that involvement extends from an engagement as investigating accountants in February to acting as fully funded deed administrators presently, five…
DW Advisory’s Paul Weston. Worrells partner Simon Cathro. DW Advisory’s Paul Weston is demonstrating an optimistic streak of generous width, putting his hand up to replace the man who replaced him little more six months ago. Weston, who did not respond to inquiries prior to iNO’s deadline, has been given the chance to takeover as liquidator of South Pelagic Holdings Pty Ltd. That opportunity has…
Cor Cordis’s Jeremy Nipps. Cor Cordis’sBarry Wight. The God awful mess that is the I-Prosperity collapse seems certain to test the patience, skill and resources of the nine practitioners currently appointed across the group’s many entities, but we think the Cor Cordis threesome of Jeremy Nipps, Barry Wight and Alan Walker will have the toughest time of it. iNO says this because according to the…
With its connections to Knox Grammar and the Baptist Church high profile building industry failure Clifford Constructions was always going to present added complications for whichever liquidators won the appointment, and that’s without the further complication of one of the liquidator’s brother’s links to the referrer. The link and the potential for conflict it creates is disclosed in the Declaration of Independence, Relevant Relationships and…
Romanis Cant’s Tony Cant. If there’s one term likely to irritate liquidators more than “corporate undertaker” it’d have to be “friendly liquidator”, a phrase that impugns the profession’s almost collective commitment to independence with unerring efficiency. We say almost because on occasion allegations may be aired by a court suggesting a liquidator has strayed, and in the case of Romanis Cant’s Tony Cant the damning…