FEG

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,…

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PwC’s Vickers on collision course with Ostwald COI

PwC’s Derrick Vickers and the Committee of Inspection (COI) of the failed construction contractor Ostwald Bros Pty Ltd (OB) are set to clash when the parties convene next week for the hearing of Vicker’s rule 80-55 court application to validate transactions he entered into with various former COI members whilst trading OB in administration and in liquidation. Minutes of an informal COI meeting held yesterday reveal…