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Judgment

ASIC, Judgment, Liquidations, Liquidators, Public Examinations, Social/Professional 4 December 2019

Liquidator replaced after admitting related party debt

PKF’s Brad Tonks. The admission of a related party debt appears to have been sufficient for a court to agree to replace an incumbent liquidator with an applicant creditor’s preferred appointee. In the matter of Hawkesbury House Pty Limited (in liquidation) [2019] NSWSC 1673 NSW Supreme Court judge Ashley Black made orders replacing liquidator Adam Farnsworth with PKF’s Brad Tonks. This was on the application…

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Fees, Judgment 1 November 2019

Mossgreen liquidators discount VA fees

BDO’s Andrew Sallway. Andrew Sallway and Nick Martin have finally obtained clarity around their remuneration on what the BDO pair might privately concede has been one of the more onerous exads of their careers. iNO is speaking of Mossgreen Pty Ltd, which dragged Sallway, Martin and ex-BDO partner James White into a nether world of vendors, consignors and inadequately catalogued inventory after they were appointed…