INO Opinion

Ball’s ban a consequence of complicated discipline

iNO OPINION BPS Recovery’s Mitchell Ball. When iNO read through the reasons provided last week in support of a 12 month curtailment of liquidator Mitchell Ball’s right to accept new appointments, what was demonstrated very clearly was that discipline can be a complicated affair. This was no straightforward suspension. This was discipline of convenience. While Ball was banned from accepting any appointment for a year…

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PPB partnership payment facility frozen

With the dissolving of the PPB Advisory (PPBA) partnership imminent, rumours are that draw downs on the PPBA partnership’s loan facility are suspended as management sets about repaying the firm’s working capital facilities to PPBA’s bank, ANZ ahead of the August 1 deadline for the completion of PwC’s acquisition approaches. Several sources who spoke to INO confirmed hearing that distributions to partners had been frozen. One…