HLB Mann Judd partner Todd Gammel. Liquidator Todd Gammel endured a light grilling during virtual cross examination on Monday as lawyers for All Filtration Technologies Australia (ALTA) sought to derail the HLB Mann Judd partner’s application for an extension of time in which to bring proceedings related to the ALTA group’s 2015 restructure. Gammel, along with colleague Barry Taylor were required to bring the extension…
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…
KPMG’s Steve Parbery. “At long last my work here is done”. With such words might Steve Parbery have filed his Form 505 last week, formalising completion of his role as special purpose liquidator (SPL) of Queensland Nickel (QN). In practice, Parbery’s role ended in August last year after he secured a settlement with Clive Palmer, the colourful minerals identity who controls QN’s Yabulu nickel refinery…
McGrathNicol’s Barry Kogan. BDO’s Andrew Sallway. You have to hand it to former Max Brenner Australia voluntary administrator (VA) Barry Kogan and Kogan has to hand it to the company’s current liquidator, Andrew Sallway. At the most recent meeting of creditors of the insolvent confectioner, which has been in liquidation since October 2018, the McGrathNicol partner was on hand to explain to creditors why they…
dVT Group’s David Solomons. dVT’s Riad Tayeh dVT duo Riad Tayeh and David Solomon are in for an intriguing tussle in 2020, with millions of dollars in fees the pair generated as liquidators of the 1st Fleet Group potentially at stake. Back in October last year the dVT pair commenced action in the Federal Court, seeking declarations that the appointment of various people to the…
Bentleys’ Tracey Knight. Liquidator Jim Downey Craig Walton, a key figure in one of the most controversial corporate restructures of recent times, has declared bankruptcy a week before the commencement of a trial brought by liquidators chasing the 63 year old for a $1.65 million debt. A search of the National Personal Insolvency Index reveals Craig Hall Walton, unemployed of East Melbourne, declared himself bankrupt…
dVT’s Riad Tayeh Hermes Capital Director Nick Samios. A claim for more than $5 million could be heading FEG’s way if, as seems likely, ailing Hunter-based mining services firm MRS Services Group is placed into liquidation as per the recommendation of its voluntary administrators (VAs) last Friday at the 2nd meeting of creditors. While the meeting was adjourned to allow Jirsch Sutherland trio Sule Arnautovic,…
FEG Recovery Unit Director Henry Carr. The Commonwealth is coming and in hindsight the mass of request for information letters sent to registered liquidators (RegLiqs) recently by the FEG Recovery Unit should not surprise. Once FEG’s view on corporate trustees and circulating assets was vindicated by the High Court, as it was last June in: Carter Holt Harvey Woodproducts Australia Pty Ltd v The Commonwealth…
FTI Consulting’s Joanne Dunn. FTI Consulting’s Joanne Dunn may well be ruing the day she agreed to an appointment as liquidator of engineering firm Intelara. Prior to her appointment in December 2015 pre-insolvency advisors had persuaded the Intelara directors to undertake what courts say was described to the directors as a “legal phoenix”. The subsequent involvement of the FEG Recovery Unit – which had Palisade…
dVT’s Mark Robinson. PwC’s Daniel Walley. It’s been a long time coming but the insolvent trading claim against directors of Reed Construction Australia (RCA) kicked off in the NSW Supreme Court yesterday and reunited in the court were two members of the PPB alumni. Readers may recall that former PPB favourite son Mark Robinson was appointed by the courts to wind up RCA back in…