In: PKF’s Paul Allen. Out: Hall Chadwick’s Richard Lawrence. The torment endured by Hall Chadwick pair Richard Lawrence and Richard Albarran these last 18 months came to an end this week when creditors of Tauro Capital (In Liq) turfed them out to make way for Paul Allen and Jason Stone from PKF. iNO’s agents in Melbourne reported that Tauro creditors, some of whom had been…
Meerten Charted Accountants founder Austin Taylor. Duncan Powell’s Stephen Duncan. Maybe they have long memories down in South Australia? iNO doesn’t know. We didn’t stay. But locals like Austin Taylor of Meertens Chartered Accountants would appear to at least be willing to go way back if the revelations contained in Taylor (liquidator) v Trustee, bankrupt estate of Heading, in the matter of Heading [2020] FCA…
No trust asset indemnity ex ante – Hogan Sprowles’ Partner Chris Sprowles. Hogan Sprowles‘ Chris Sprowles‘ must have had the confidence meter on full recently when he sought priority over contested trust assets to ensure he was indemnified for undertaking a public examination, to be conducted after he obtained the indemnity. As is revealed in Structum Pty Ltd v CWCN Pty Ltd [2020] NSWSC 1314…
Jirsch Sutherland’s Malcolm Howell. While nobody’s giving much away it would seem that the liquidation of AFX Group Proprietary Limited is quite the cluster___. “Messy” was how one insider described the related party-laden morass to iNO yesterday and no doubt Jirsch Sutherland partner Malcolm Howell, who is owed more than a quarter of a million in fees, would agree. As iNO previously reported Howell was…
Ex-liquidator David Iannuzzi. Veritas Advisory’s David Iannuzzi may have avoided a grilling last year when he consented to orders banning him from practising as a liquidator for a decade but that won’t prevent him appearing next week in public examinations being conducted by the liquidators of RC Group (Aust) Limited (RC Group) as part of the ATO’s Project Cargo inquiry into alleged tax evasion. Iannuzzi…
DW Advisory’s Paul Weston. Worrells partner Simon Cathro. DW Advisory’s Paul Weston is demonstrating an optimistic streak of generous width, putting his hand up to replace the man who replaced him little more six months ago. Weston, who did not respond to inquiries prior to iNO’s deadline, has been given the chance to takeover as liquidator of South Pelagic Holdings Pty Ltd. That opportunity has…
McGrathNicol’s Anthony Connelly. de Jonge Read founder and executive director Henry ‘Hank’ de Jonge. Hank de Jonge, founder of self-declared insolvency specialists de Jonge Read, is among a group of de Jonge Read staff and former staff questioned during public examinations conducted earlier this month by the liquidator of Harker Accounting. In addition to the firm founder, executive director Ashley Shield, strategist Darren Addison, strategy…
Minter Ellison’s Michael Hughes. Told the court he had been advised the deed of assignment with the Deputy Commissioner of Taxation was a first. Firsts are generally worth a mention and Sydney liquidator Steve Nicols has reportedly chalked up such a milestone by entering into a deed of assignment that transfers a cause of action in the winding up of Anatax Pty Ltd to the…
McGrathNicol’s Shaun Fraser. The receivers of various Sargon Group entities and their appointors are allegedly “embroiled” in two disputes in the Federal Court”, a court heard this week. The claim was made on Monday in the NSW Supreme Court by lawyers for one set of receivers – PwC’s Chris Hill and Dan Walley – in their capacity as receivers of SC Australian Holdings 1 Pty…
Romanis Cant’s Tony Cant. Romanis Cant principal Tony Cant has fended off an application brought by a creditor seeking his removal as liquidator of Foodcorp (Vic) Pty Ltd but only it would seem, by the skin of his teeth. The judgment of Federal Court Judge Neil McKerracher in Sands Contracting Pty Ltd v Foodcorp (VIC) Pty Ltd [2020] FCA 1274 outlines the dismal imbroglio of…