Independence

Administrators, ATO, Bankruptcy, Conflict, Corporates, Directors, Independence, VA's & DoCA's 8 May 2024

Colleague’s solvency gig didn’t discourage VAs

Two insolvency firm partners recently resigned their appointments as voluntary administrators (VAs) within days of consenting, but the decision wasn’t driven by the engagement of a colleague to produce a solvency report for a separate entity controlled by the VAs’ appointor. At least not immediately. Indeed their DIRRI alluded to their colleague’s engagement and sought to assuage any conflict concerns by disclosing that as their…

Conduct, Creditors, Directors, Independence, Judgment, Liquidations 21 February 2024

Worrells pair get the nod ahead of EY duo

EY director Martie Tziotis. EY partner Morgan Kelly. The Gallic shrug, best articulated by uttering c’est la vie may have been heard in EY Sydney’s George Street HQ this week after a judge of the NSW Supreme Court decided against appointing two of the big four firm’s restructuring specialists as liquidators of Rynever Pty Ltd. Instead, Judge Ashley Black sided with the plaintiff’s preferred nominees,…

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Independence

Colleague’s solvency gig didn’t discourage VAs

Court hears KM trio can’t be DCA ProvLiqs

KordaMentha Provliqs intervene to repel rival

Liquidator can’t overcome conflicted claims

Judge chooses cheapest, unfunded option

ARITA committee member’s re-election bid wobbling

VAs and ATO at odds over alleged $150m fraud

Higher fees sees Judge reject Hall Chadwick

Rival IPs bound for court over alleged $150m fraud

Worrells pair get the nod ahead of EY duo