Liquidations

Halifax and the maddening complexity of commingling

KPMG’s Phil Quinlan KPMG’s Morgan Kelly. An application for the issue of a “Letter of Request” to the High Court of New Zealand (NZHC) has been ruled “premature” due to the application being ex-parte, but the liquidators of online broker Halifax Investment Services PtyLtd (Halifax) are almost certain to reapply given the unbridled intermingling of client and company funds across Halifax’s Australian and Kiwi operations….

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Pitcher’s partner parachuted in for Palmer

Pitcher Partners WA chief Bryan Hughes. After an understandably extensive search Clive Palmer has found an insolvency practitioner willing to step into the role of expert witness vacated last month by Peter Dinoris. Dinoris’s voluntarily cancellation of his registration as a liquidator came into effect on June 29, less than two weeks after AFSA announced on June 17 that it had accepted the former Vincents…