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Independence

Administrators, Corporates, Creditors, indemnity, Independence, Judgment, VA's & DoCA's 20 September 2024

Consumer Affairs forces Panthera sale delay

PwC partner Adam Colley.If it hadn’t been complex enough when they were first appointed the four administrators attempting to harvest value from PF Group Holdings Pty Ltd (PFGH) and PF Management Holdings Pty Ltd (PFMH) (The Companies) have more recently had to deal with an intervention most disruptive.In the Federal Court this week PwC’s Adam Colley, Andy Scott, Derrick Vickers and Stephen Longley won a…

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Creditors, Fees, indemnity, Independence, Judgment, Liquidators 6 March 2024

Judge chooses cheapest, unfunded option

KPT Restructuring’s Jason Tang.KPTB Restructuring’s Ozem Kassem.2024 has opened with a rash of contests between parties who want their preferred liquidator installed in preference to their opponent’s nominee and this week the trend persisted, with a twist. On Monday 8 Wentworth’s Ahmed Rizk urged Judge Tony McGrath to reject his opponent’s nominee on the basis that those on the other side refused to fund any…