Liquidations

Compromise refused equals indemnity costs imposed

Chris Baskerville of Jirsch Sutherland. The Federal Court made orders yesterday highlighting the unpalatable realities facing liquidators who choose to reject offers of compromise. In this tale Jirsch Sutherland Queensland head Chris Baskerville, in his capacity as liquidator of Dig It Landscapes Pty Ltd (Dig It), chose to reject an offer of compromise made by Bupa Aged Care Australia Pty Ltd on December 17, 2020….

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Plaintiff’s preference prevails in VAs’ tussle with ATO

Cathro & Partners’ Andrew Blundell. RSM’s Richard Stone. Cathro Partners Andrew Blundell and Simon Cathro must have thought that they had a good chance of retaining their appointments as voluntary administrators (VAs) of failed chartered accounting firm Talbots Pty Ltd when proceedings commenced yesterday morning. Those proceedings constituted the hearing of an application brought by the Deputy Commissioner of Taxation (DCoT) for the immediate winding…