Jirsch Sutherland partner Sule Arnautovic will be replaced as liquidator of the St Gregory’s Armenian School after Insolvency News Online revealed it was one of four entities allegedly looted by Arnautovic’s sister and former Jirsch partner Amanda Young, who was sacked by the national insolvency firm late last year. Last Friday in the NSW Supreme Court Justice Stephen Robb ordered that Grant Thornton’s John McInerney and Philip…
Jirsch Sutherland partner Amanda Young has been sacked after allegedly stealing almost $240,000 from the accounts of insolvent companies she controlled as liquidator. In a statement to Insolvency News Online (INO) late yesterday Jirsch Sutherland managing partner Bradd Morelli said that following undertakings Young provided to the NSW Supreme Court: “Amanda Young’s employment at Jirsch Sutherland has since been summarily terminated.” She had also lodged with…
You have been warned. Displaying ARITA’s logo is a no no. In a strongly worded message to members this week the Australian Restructuring Insolvency & Turnaround Association (ARITA) took aim at firms who had clearly been operating under the misapprehension that being a member of the national body entitled that member or members to use ARITA’s logo as they saw fit. “While we encourage members to…
David John Leigh, former partner of PPB Advisory Queensland has, as foreshadowed by INO last month, pleaded guilty to three charges of fraud in the Brisbane Magistrate’s Court. In a statement yesterday, the Australian Securities and Investments Commission (ASIC) confirmed that Leigh, 56 of Sherwood in Queensland, had entered a plea of guilty and would be committed for sentencing on a date to be fixed….
A court has ruled that an application by a Sydney liquidator to appeal orders for an inquiry into his conduct will be heard next year. On Friday last week the Federal Court ordered that the application of David Iannuzzi for both an extension of time and leave to appeal be heard and determined by a Full Court immediately prior to, or concurrently with, any appeal…
David John Leigh, the suspended liquidator who’s alleged to have purloined up to $800,000, could be preparing to enter a guilty plea when he returns to the Brisbane Magistrate’s Court on November 2. In September Leigh, 56, of Sherwood in Brisbane was summonsed to appear on three counts of dishonestly gaining a pecuniary benefit in excess of $100,000 on each count on July 25, 2017,…
It didn’t take long for ARITA to dismiss the complaints made about member and KordaMentha partner Rahul Goyal. As we reported last week in Tiaro Coal Creditors Gunning For Goyal various individuals connected to Tiaro Coal’s major creditor the Hudson Investment Group complained to ARITA about Goyal’s conduct on the administration. They alleged he was in cahoots with a major creditor with which KordaMentha has a referral relationship…
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…
It would have been quite a sight seeing ASIC investigators involved in the regulator’s achingly drawn out pursuit of Peter Macks cross-examined by the South Australian-based liquidator but it is not to be, with Justice Sam Doyle of the Supreme Court of South Australia declining to countenance such entertainments. In Australian Securities and Investments Commission v Macks [2018] SASC 132 the judge revealed how he had refused…
It’s not exactly Linc Energy but asset contamination can still poison the insolvency process even when it occurs on a vastly smaller scale – just ask Glenn Crisp and Malcolm Howell. The Jirsch Sutherland pair are liquidators of Bonnie View Petroleum Pty Ltd, which in 2010 arranged to sell its 19 petrol stations to larger rival, United Petroleum Pty Ltd. Of the 19 servos Bonnie View…