indemnity

FEG prevails in circulating asset stoush

Jirsch Sutherland’s Malcolm Howell. RRI Advisory’s Liam Bellamy. iNO readers enamoured of circulating asset blow ups will find much in the latest decision of Federal Court judge Shaun McElwaine into which to sink their fangs. “As is usual, the defendants secured a deed of indemnity for their appointment from 1st Cash. However, the appointor denies the obligation to indemnify the defendants in respect of this claim….

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Unhelpful administrators cop costs penalty

Hogan Sprowles partner Michael Hogan. They may have recommended a dog of DoCA and been punted as a consequence but two Sydney practitioners are lucky they don’t have more wounds to lick. On Monday, NSW Supreme Court judge Ashley Black made costs orders in respect of Minle Wine Negociants of Australia Pty Ltd (Minle) after last week terminating a deed of company arrangement (DoCA) and…