Mackay Goodwin Director Grahame Ward. Image courtesy Mackay Goodwin. Internet advertising certainly generates leads but as Mackay Goodwin’s Grahame Ward discovered, leads can come with strings attached. Ward was appointed voluntary administrator (VA) of PostNet Australia Pty Ltd back on June 3 by resolution of sole director Robyn Lau. Ward’s DIRRI of June 4, 2019 reveals the appointment came via the website of the Mackay…
Balance Insolvency principal Tim Cook. An appeal against a judgment that went the way of FTI Consulting’s John Park and Kelly-Anne Trenfield kicked off in the Federal Court yesterday and there’s plenty to ponder as it pertains to Citadel Finance Corporation (CFC) and its labour hire subsidiary Action Scaffolding & Rigging Pty Limited (AS&R). A financier of its own operating entities, CFC is the appellant…
O’Brien Palmer’s Daniel Frisken. O’Brien Palmer’s Daniel Frisken won’t be the last insolvency practitioner to rue the increasingly intrusive remit of the corporate regulator but the circumstances around how he and OBP partner Liam Bailey came to stand aside as appointees on Urban Couture thanks to the dreaded double might test make for an instructive tale. Frisken was approached about a possible voluntary administrator’s (VA)…
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. …
Ferrier Hodgson’s Martin Jones. Ferrier Hodgson’s Andrew Smith. It’s not often INO uncovers a story about insolvency practitioners that involves unauthorised boar semen from foreign parts but the recent hand over by Ferrier Hodgson of the GD Pork Pty Ltd administration to FTI Consulting provides such an opportunity. Not that the yarn is about unauthorised boar semen illegally imported. It’s about Ferriers’ partners Martin Jones…
Deloitte’s Sal Algeri. Deloitte’s Glen Kanevsky. The Deloitte partners appointed voluntary administrators (VAs) of AxsessToday Limited have had to lodge a detailed Declaration of Independence, Relevant Relationships and Indemnities (DIRRI) thanks to their firm’s intimate involvement with the the insolvent entity for more than six closely engaged and lucrative pre-appointment months. AxsessToday, an ASX-listed equipment leasing and finance group controlled by Melbourne’s wealthy Meydan family,…
Onterran director Lachlan McIntosh. Clout & Associates’ Trish Talty. You’d hope it’s not too often that old colleagues in the insolvency game are reunited by an event of insolvency but that is what has happened in the case of listed property developer Onterran. On March 11, 2019 Onterran announced that its directors had placed the company into the hands of voluntary administrators, namely Trish Talty…
Cor Cordis partner Mark Hutchins. It can’t be too often that an insolvency practitioner is responsible for the laying of criminal charges against his or her own referrer, but the resume of Cor Cordis partner Mark Hutchins now boasts this curious distinction. This follows the news that a company director and two pre-insolvency advisors appeared in the Brisbane Magistrates Court last week on charges including…
Worrells’ Christopher Darin. Despite being appointed voluntary administrator (VA) by a very new director very shortly before the scheduled hearing of a winding up application, Worrells’ Chris Darin has succeeded in averting the liquidation of Bevex Distribution, at least for now. In the NSW Supreme Court yesterday Registrar Leonie Walton ruled that the fruit juice supplier’s creditors should vote on whether or not to accept…
Worrells Christopher Darin. Worrells’ Chris Darin will shortly reveal to creditors of Bevex Distribution whether or not a deed of company arrangement (DoCA) has been put together by the company’s former director, the exceedingly colourful Richard Poole. Some readers may recall the various ICAC inquiries that led to the incarceration for misconduct in public office of Labor figure Eddie Obeid in 2016. While Poole was never…