FEG

Cullen Australia liquidator won’t be run out of town

Cullen Group Australia Liquidator Michael Caspaney. Menzies Advisory’s Michael Caspaney must have days when he wonders if providing that consent to act as replacement liquidator on Cullen Group Australia Pty Ltd (CGA) almost four years go was a good idea, and iNO suspects that another such day approaches.  Caspaney has been at odds with members of CGA’s Committee of Inspection (COI) and the general pool…

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Receivers at odds over residual funds

Pitcher Partners’ Bryan Hughes. Auxilium Partners’ Bob Jacobs. Over in West Australia there’s been an interesting development in the stoush between the current and former receivers of Pluton Resources over the status of, and entitlement to, so-called residual funds. In Robert Allan Jacobs as Receiver and Manager of Pluton Resources Ltd (Receiver and Manager Appointed) (In Liq) -v- Hughes [2018] WASC 414 (9 August 2019)…