FEG

Liquidator repels FEG replacement bid – for now

Mackay Goodwin’s Domenic Calabretta has fought off a bid to replace him with Ferrier Hodgson partner Robyn Duggan but the Minutes of the September 24, 2018 meeting of creditors of Condura Pty Ltd suggest those backing Duggan aren’t giving up. Condura Pty Ltd appointed Calabretta via a members voluntary liquidation (MVL) on December 6, 2017, one day after the company lodged a declaration of solvency…

Read More

Familiar advisors likely to face further FEG grilling

One of the welcome consequences of the Federal Government’s December 2016 decision to expand FEG’s recovery activities has been an increased focus on insolvency industry advisors, particularly those whose success at pulling a client out of a hole is not commensurate with their success in pocketing fat fees, irrespective of outcomes. In MK Liquidator Floored By Phoenix Allegation INO revealed how colourful insolvency advisors Al Constantinidis and Socrates “Scott” Kitas…