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DIRRIs

DIRRIs, Liquidators, Social/Professional 14 December 2018

Jirsch partner suspended amid fraud investigation

Jirsch Sutherland partner Amanda Young has been suspended as authorities investigate an alleged fraud. In a statement to Insolvency News Online yesterday Jirsch Sutherland managing partner Bradd Morelli confirmed an employee had been stood down and an external investigation was underway. “Jirsch Sutherland has identified a case of possible fraud by an individual employee and has taken immediate action to investigate and report the matter,” Morelli said….

DIRRIs, VA's & DoCA's 28 November 2018

McGrathNicol does a KordaMentha on RCR Tomlinson

While reading the declaration of independence, relevant relationships and indemnities (DIRRI) filed by the four McGrathNicol partners appointed voluntary administrators (VAs) of RCR Tomlinson Ltd last week, INO was gripped with a sense of deja vu. The DIRRI provides significant detail on McGrathNicol’s pre-appointment involvement with the failed engineering firm, much like the supplementary DIRRI KordaMentha lodged on June 22, 2017, a week after its initial disclosures in respect of extensive…

ATO, DIRRIs, Fees, Lawyers, Litigation, Receivership, Referrers, Social/Professional, VA's & DoCA's 23 November 2018

Familiar faces in Fearndale fight

A spat over control of Fearndale Holdings‘ shale quarry has flushed out a real crowd from the world of insolvency and the sometimes connected world of individuals who’ve captured the attention of the ATO. Back in May 2018 Balance Insolvency’s Tim Cook was appointed voluntary administrator of Fearndale Holdings which has some claim to the quarry at Luddenham in Sydney’s west. This week the Supreme Court heard…

Costs, DIRRIs, Judgment, Lawyers, Liquidators, Litigation, VA's & DoCA's 31 October 2018

Liquidator battling to avoid $60k legal bill

The dispute around control of Rushcutters Bay eatery Bar M – formerly known as Bar Machiavelli Pty Ltd – has Hurst Recovery’s David Hurst in court urgently seeking to unwind transactions that could ultimately see him liable to pay a costs order for at least $60k and other as yet unallocated costs. At the same time, those who referred him the job – restaurateur Paola Toppi and…

ATO, DIRRIs, Liquidations, Liquidators, Public Examinations, Referrers 28 September 2018

Jirsch’s Crisp chalks up 2nd mention at examination

Correction & Clarification Glenn Crisp has been mentioned a second time during public examinations being run by Pitcher Partners Andrew Yeo and Gess Rambaldi as they investigate a $100 million tax-avoidance and phoenix-facilitation racket allegedly masterminded by Melbourne man Phil Whiteman. For the record the Jirsch Sutherland Victoria managing partner is not accused of any wrongdoing and Crisp is one of approximately 100 registered liquidators Australia-wide who accepted…

ARITA, DIRRIs, Discipline, Liquidations, Liquidators, Litigation, Litigation Funding 21 September 2018

Tiaro Coal creditors gunning for Goyal

The stream of fees that’s flowed from the Tiaro Coal liquidation these last few years could get could a little bloodied after some of the company’s major creditors opened a new front in their war with liquidator Rahul Goyal. The gregarious Goyal – one of KordaMentha’s top revenue generators – has been at odds with major Tiaro creditor the Hudson Investment Group pretty much from the commencement of his…

ASIC, ATO, DIRRIs, Liquidations, Liquidators, Referrers 19 September 2018

Vic Liq has intriguing gig from accountant of interest

Melbourne liquidator Andrew Poulter has picked up the kind of appointment that might be expected to attract close attention. A fortnight ago Poulter filed his Declaration of Independence, Relevant Relationships and Indemnities (DIRRI) in relation to a company called PBDB Services Pty Ltd. The DIRRI revealed that the referrer was fellow Melbourne-based liquidator Ross McDermott, who, in between listening to your correspondent’s enquiries, took the…

DIRRIs, Referrers, VA's & DoCA's 14 September 2018

Majella DoCA quite conditional

Creditors of the Majella group of companies headed by accused fraudster Seb Monsour have received the recommendation from administrators Hall Chadwick that they accept the deed of company arrangement (DoCA) being proposed by the 44 year-old brother-in-law of ex-Queensland Premier Campbell Newman, but this DoCA has some singular and substantial hurdles. On the surface the most significant obstacle would appear to be asset  freezing orders obtained earlier…

ATO, DIRRIs, Referrers, VA's & DoCA's 5 September 2018

Majella DoCA’s prospects frozen after pub fire?

Behind the tawdry excitement stoked by tales of escorts and a suspicious fire is the far more intriguing story of how three Hall Chadwick partners came to be appointed voluntary administrators (VAs) of two Majella Group (MG) entities connected to developer Seb Monsour, the controversial brother-in-law of former premier Campbell Newman. Mansour had been planning to develop the heritage-listed Broadway Hotel in the Brisbane suburb of Wooloongabba but he…

ATO, DIRRIs, Liquidations, Liquidators, Public Examinations, Referrers, Social/Professional 29 August 2018

Pitcher’s phoenix probe yields liquidators’ names

Pitcher Partners‘ mother-of-all public examinations kicked off this week and already two liquidators names have been mentioned in despatches as the marathon inquiry into an alleged $100 million phoenixing scheme gains momentum in room 8B of Melbourne’s Federal Court. Pitcher’s Andrew Yeo and Gess Rambaldi are being funded by the Australian Tax Office (ATO) to prise open what may be the largest phoenix syndicate yet uncovered and as part of…