Kordas quits after ARITA intervention
Coincidences, like hurricanes in Hampshire, hardly ever happen so what is to be made of the missive from the Australian Restructuring Insolvency and Turnaround Association (ARITA) about independence and indemnities in light of the almost simultaneous relinquishing of the North West Crane Hire administration by Korda Mentha? On Monday ARITA advised members it had observed an ominous trend. Practitioners appointed as administrators were increasingly accepting…