Liquidations

Casting vote challenged after creditors reject 100c/$

Hall Chadwick’s Steve Gladman. Steve Gladman’s decision to use his casting vote to defeat a resolution to replace him has been challenged in the courts. On Monday the NSW Supreme Court heard that at the second meeting of creditors of Glenfyne Farms International AU Pty Ltd (GFIAU), voting on a resolution to replace Gladman with SV Partners’ Jason Porter and Fabian Micheletto was deadlocked after a poll….

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FTI pair fail in trust funds declaration bid

When’s money held on trust and when is it not? It’s a question that’s probably exercised the minds of FTI Consulting’s John Park and Kelly Anne Trenfield at least on occasion over the last couple of years in their roles as liquidators of claims assessor Stream Group (Aust) Pty Ltd (SGA) and NSW Supreme Court judge Ashley Black yesterday provided an answer. In his judgment In the…