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indemnity

Administrators, ATO, Directors, DIRRIs, Fees, indemnity 16 April 2025

Was VAs caveat over property securing deed fund?

Hall Chadwick director Nick Wollinski. When Hall Chadwick pair Nick Wollinski and Richard Albarran took appointments as administrators of The Building Agency Pty Ltd last month they weren’t taking any chances, lodging a caveat over a property owned by their appointing director to secure a promised $50,000 indemnity. In the Federal Court yesterday it was the major creditor taking no chances, with the

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Conduct, Costs, indemnity, Judgment, Lawyers, Liquidators, Litigation, Litigation Funding, Public Examinations, Voidable Transactions 15 November 2024

Liquidator who loitered hit with indemnity costs order

Olvera Advisors Neil Cussen.Did Neil Cussen “de-loiter” too long in choosing not to comply with court orders?“The deliberate and knowing delinquency on the part of the liquidator was done for his own ulterior and strategic purpose, and was so serious as to warrant summary dismissal of the proceedings. In my view, it clearly rises to the level of a special or unusual feature which justifies that the applicants pay the respondents’ costs on an indemnity basis in each…