Liquidations

Reidy repels accusers but denied indemnity vengeance

Rodgers Reidy director Geoff Reidy. The plaintiff directors of Zamora Homes have dropped their bid to appoint a special purpose liquidator (SPL) to the company and may consider themselves fortunate to have escaped orders that they pay indemnity costs to Geoff Reidy, the incumbent they sought to supplant. At the beginning of a hearing in the NSW Supreme Court yesterday, Justice Ashley Black heard that…

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Merhis Group insolvencies expose potential rifts

O’Brien Palmer’s Daniel Frisken. There’s a bale or two of hay to be made from the misfortunes, if we can call them that, of the Merhis Construction Group, but they’ll likely feed enmity amongst appointees too before this saga’s through. As was reported by the Australian Financial Review’s Larry Schlesinger yesterday, O’Brien Palmer’s (OBP) Liam Bailey and Chris Palmer are chasing as much as $6…