Creditors have rejected an attempt to supplant liquidator Schon Condon at a recent meeting of ABC Refinery Pty Ltd where the replacement’s independence came under scrutiny and the meeting chairman was forced to reprimand an Australian Tax Office (ATO) official. The minutes of the October 7 meeting outline how the ATO sought to have the Condon Associates founder and principal replaced with Ferrier Hodgson’s Robyn Duggan and…
Having absorbed the enormity of the shambles that is Arrium Mining and Materials (Arrium), voluntary administrators (VAs) Korda Mentha are proposing that the sale of the steel maker and iron ore miner be facilitated through no less than 94 Deeds of Company Arrangement (DoCAs). To this end the VAs have applied to the Federal Court for orders and directions to facilitate putting the proposal to creditors….
Friday drinks might have been a sombre affair for Domenic Calabretta last week after acting justice Reg Barrett of the NSW Supreme Court ordered the Mackay Goodwin principal to pay half the costs that the new board of Condor Blanco Mines incurred having Calabretta’s appointment as voluntary administrator of the ASX-listed entity declared void. Sources in the legal profession estimate Calabretta’s hip pocket will take…
FTI’s John Park and Lachlan McIntosh have briefed counsel about a possible appeal after a judge of the Supreme Court of Queensland last week set aside an order of a registrar renewing the pair’s claim against lawyer Edward Maitland, and Melbourne barristers John Ribbands and Garry Bigmore. Park and McIntosh are joint trustees of the bankrupt estate of Gary Stirling Camm. Park told SiN yesterday the…
William Buck’s Rob Whitton and Brendan Copeland have temporarily fended off an effort to have them removed as liquidators of Ridley Capital Holdings (RCH), a company controlled by architectural entrepreneur Joshua Ridley, after a judge ordered that their foreign nemesis must first stump up $45,000 as security for costs. In a judgment handed down this week Supreme Court Acting Justice Reg Barrett decided that the Californian-domiciled plaintiff,…
Times have changed for Ginette Dawn Muller. The one-time insolvency director at FTI Consulting has diversified with her own GM brand and in recent times has been organising loans for property luminaries including Salim Mehajer, the controversial Sydney developer whose role as deputy mayor of Auburn Council is in limbo while the council remains suspended pending the outcome of a public inquiry. Documents and emails obtained by SiN…
AN application to appoint PPB Advisory’s Steve Parbery special purpose liquidator (SPL) of Queensland Nickel (QN) has been lodged in the Federal Court but the stricken nickel firm’s general purpose liquidators (GPLs) are yet to declare whether they will consent to or contest the move. Quentin Olde, one of four FTI Consulting partners formerly appointed GPLs to QN on April 27 told SiN yesterday that the…
WELL, you wouldn’t have wanted to be a hung over fund manager yesterday morning, logging on to check the portfolio after a big night out. If you had then you might’ve seen that the daily insolvency notices included a listing for the ANZ Bank. Further, the listing showed that the bank was being wound up by the tax office. According to the notice ANZ was subject…