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DIRRIs

ASIC, ATO, DIRRIs, Referrers, VA's & DoCA's 22 August 2018

Hall Chadwick hands Validus gig to ex-staffer

We would have thought that if something INO wrote forced a pair of registered liquidators to relinquish an appointment as voluntary administrators (VAs) then that would potentially be beneficial for creditors but according to Hall Chadwick’s Brent Kijurina not so. As INO reported last week in Hall Chadwick’s Validus DIRRI Heavy On Referrer Detail, Kijurina and colleague Richard Albarran recently lodged a lengthy Declaration of Independence, Relevant…

ASIC, ASX, DIRRIs, Lawyers, Referrers, Social/Professional, VA's & DoCA's 17 August 2018

Hall Chadwick’s Validus link snapped by BRI

It’s with a sense of deja vu that INO embarks upon this tale, not least because there’s a link between many of the characters and those we featured in Hall Chadwick’s Validus DIRRI Heavy On Referrer Detail, published on Wednesday. Back on May 11, 2018 one of the directors of ASX-listed Capital Mining Limited called Hall Chadwick’s Richard Albarran to arrange a meeting. There must’ve been a fair degree…

DIRRIs, Referrers, VA's & DoCA's 15 August 2018

Hall Chadwick’s Validus DIRRI heavy on referrer detail

Hall Chadwick’s Richard Albarran and Brent Kijurina have lodged a detailed and informative declaration of independence, indemnities and relevant relationships (DIRRI) after accepting an appointment as administrators of Validus Advisory Group. The detail was necessary to explain why there was no unmanageable conflicts given that Hall Chadwick’s Blair Pleash and Kathleen Vouris had previously been administrators of a deed of company arrangement (DoCA) executed by…

DIRRIs, Liquidators, Referrers, Social/Professional, VA's & DoCA's 8 August 2018

Veritas pair ousted by RSM duo

Whilst INO’s not intentionally focussing on Veritas Advisory, the firm certainly seems to have its cup full in recent times and this week we came across the interesting case of Peter O’Brien Constructions Pty Ltd, which recently passed from the control of Veritas principal Steve Naidenov to the RSM duo of Frank Lo Pilato and Jonathan Colbran. One of the most notable elements of this matter relates…

Deals & Departures, DIRRIs, FEG, Liquidations, Liquidators 20 June 2018

PPB takeover gives PwC’s Vickers convenient exit

Derrick Vicker’s troubled tenure as liquidator of the Ostwald Brothers construction group is set to come to end, with the PwC partner preparing to make way for John Park and Kelly Anne Trenfield of FTI Consulting on the basis – according to Vickers – of a potential conflict destined to emerge once PwC completes its acquisition of PPB Advisory (PPBA) on August 1. For Vickers,…

DIRRIs, Judgment, Liquidations, Liquidators, Litigation 6 June 2018

Gauge of consent means joint need not be several

Insolvent trading actions might be rare but they can have a galvanising effect on directors, as evidenced by the findings of his honour Judge Matthew Dicker of the NSW District Court in the matter of Inner West Demolition (NSW) Pty Limited v Silk [2018] NSWDC 136. In this instance Inner West Demolition initiated proceedings seeking to prise $327,332.50 under s 588M of the Corporations Act…

DIRRIs, Liquidations, Preferences, VA's & DoCA's 9 May 2018

Creditor activist challenges Worrells pair in Victoria

Having toppled a number of insolvency practitioners in Queensland, creditor activist group Subbies United (SU) looks set this afternoon to make its first attempt to dump an incumbent outside of the sunshine state. At 3:00pm in the Bourke Street offices of Charted Accountants Australia New Zealand (CAANZ) Melbourne, SU will hope to mobilise sufficient creditor disgruntlement to oust Worrells’ Ivan Glavas and Matthew Jess as voluntary administrators …

DIRRIs, Liquidators, Referrers 11 April 2018

SV rolled by rival after activist’s intervention

It may not exert the intimidatory malevolence of an MUA picket just yet but Subbies United (Subbies) is making its presence felt, having engineered another coup against an incumbent liquidator deemed too close to their appointor. Latest to feel the sting of the sub-contractors’ champion is SV Partners’ Matt Bookless, who was ousted as liquidator of Future Urban Residential Pty Ltd last week at a meeting convened…

DIRRIs, FEG, Liquidators, PPSR 14 March 2018

dVT’s Hermes links revealed during FEG scrap

On Monday dVT partners Riad Tayeh and David Solomon narrowly avoided an indemnity costs order sought by their old mates from the Department of Employment’s FEG Recovery Unit. FEG had sought orders that Tayeh and Solomons personally pay FEG’s costs of proceedings it brought in November 2017 to have the dVT’s pair replaced as liquidators of Damilcrest Pty Ltd after they had previously declined three times to resign voluntarily…