BPS Recovery partner David Sampson. Image courtesy BPS Recovery. BPS Recovery partner David Sampson has at last got the go ahead to pay himself some remuneration for work done as court-appointed receiver of a suite of barrister’s chambers. Sampson has had to go through a lot to get to this point, including fending off multiple applications by the chamber’s occupant Derek Minus, all of which…
McGrathNicol Partner Kathy Sozou. Image McGrathNicol. Arguments about who should administer the liquidation of FW Projects Pty Ltd concluded yesterday and it appears that McGrathNicol is front runner to replace Jirsch Sutherland should NSW Supreme Court Justice Ashley Black favour the plaintiff in this costly imbroglio. Last week INO reported that SV Partners’ Ian Purchas had provided the plaintiff, Hindmarsh Construction Australia (HCA), with a consent to…
Lined up to replace Jirsch duo: SV Partners’ Ian Purchas. Trent Devine and Bradd Morelli are in for a fight this week, with the hearing of an application mounted by irate creditor to have the pair punted as liquidators of FW Projects commencing tomorrow. This matter has been heading for a showdown in the court for several weeks but it was only at a motions…
Worrells’ Nick Cooper Hall Chadwick’s Brent Kijurina Just when you think you have the inside running, a rival emerges to make it a contest and that is what’s occurred in relation to troubled South Australian builder Unique Urban Built. As previously reported, incumbent liquidator Paul Jorgensen of PKF South Australia got himself into a spot of bother in relation to the timing of meetings and…
McGrathNicol’s Rob Brauer. McGrathNicol’s Rob Kirman. The two Robs, Messrs Kirman and Brauer have been served some work from the Forge Group liquidation courtesy of KPMG’s takeover of Ferrier Hodgson. Last week in the Supreme Court of West Australia, orders were made appointing the McGrathNicol pair special purpose liquidators (SPLs). Those orders were made on the application of Martin Jones and Wayne Rushton, Forge’s general…
BPS Recovery’s Mitchell Ball. BPS Recovery’s Mitchell Ball has dodged a bullet after forgery allegations raised doubts about the validity of his appointment in August 2013 as liquidator of Bluemine Pty Ltd. In the NSW Supreme Court yesterday INO listened with mounting interest as the court heard that a former director of Bluemine – one Gino Cassiniti – wanted to withdraw previous admissions he’d made…
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…
Rodgers Reidy director Geoff Reidy. Geoff Reidy looks set for a tedious time next week when he settles into the witness box for a day of questioning in relation to Zamora Homes. The Rodgers Reidy co-founder was appointed liquidator of Zamora by the courts back in 2011. A hearing in relation to this ageing dispute between shareholders was scheduled for later this month but in…
Liquidator Paul Jorgensen. We understand a meeting of creditors of Unique Urban Built (UUB) is scheduled to take place this morning in the offices of PKF South Australia and that the liquidator appointed – Paul Jorgensen of PKF South Australia – has chosen not to attend. INO’s mail is that Jorgensen ceded the job of chairing the meeting at PKF Adelaide’s Flinders Street office to…
BRI Ferrier’s Andrew Cummins. PKFs’ Trent Hancock. You have to admire the nerve of a director who demands a special purpose liquidator (SPL) stump up $150,000 in security for costs ahead of proceedings brought by the SPL against the director for allegedly stripping his company of assets before executing a phoenix. Such nerve however is on display In the matter of 77738930144 Pty Limited (in…