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Judgment

ASIC, Conduct, Directors, Judgment, Lawyers, Liquidators, Social/Professional 11 December 2020

Respected liquidator dodges inquiry bullet, for now

Jones Partners’ Bruce Gleeson. Highly regarded Jones Partners’ principal Bruce Gleeson has dodged a bullet after NSW Supreme Court judge Ashley Black this week chose not to initiate an inquiry into his conduct as liquidator of Military History Tours Australia Pty Ltd (MHT), a company which offered travel to sites like Gallipoli until relations with Swiss-based cruise ship operator MSC Cruises SA soured in 2014….

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Fees, Judgment, Liquidations, Liquidators, Regulation/Legislation, Uncategorised 18 November 2020

The risks of tapping proceeds of crime for fees

O’Brien Palmer’s Daniel Frisken. Never presume to position yourself between the Commissioner of the Australian Federal Police and an allegedly ill-gotten dollar. As O’Brien Palmer’s Daniel Frisken has discovered, and as is detailed in the matter of The Commissioner of the Australian Federal Police v Pharmacy Depot Hurstville Pty Ltd (in liq) (No 2) [2020] NSWSC 1571 the outcome is unlikely to prove favourable to…