Liquidator Paul Jorgensen. PKF Adelaide partner Paul Jorgensen has reportedly attended to a range of deficiencies in his handling of the liquidation of South Australian builder Unique Urban Built after the issues were helpfully brought to ASIC’s attention by turnaround advisor Eddie Griffiths. Local media outlet InDaily reported this week that in a May 22 report to creditors, Jorgensen admitted that creditors had not been…
PKF Chairman of Partners Paul Jorgensen. PKF chairman of partners Paul Jorgensen has reportedly been the subject of a complaint to ASIC over alleged inadequacies in his handling of the liquidation of South Australian residential builder Unique Urban Built Pty Ltd. Adelaide’s In Daily yesterday reported that Jorgensen was facing a “creditors’ revolt” and that the complaint to ASIC identified “ten separate alleged failures to…
Jirsch Sutherland managing partner Bradd Morelli. Image: Linked In. Bradd Morelli and Trent Devine may be facing a fight to maintain control of the potentially lucrative liquidation of FW Projects Pty Ltd after a creditor commenced action in the NSW Supreme court that could lead to the Jirsch Sutherland partners being either replaced or sidelined by an SPL (Special Purpose Liquidator). The court heard yesterday…
Hamilton Murphy principal Richard Rohrt. Pitcher Partners’ David Vasudevan. The spectre of proportionality has made an appearance in the deliberations of the Victorian Supreme Court, resulting in Pitcher Partners’ Andrew Yeo and David Vasudevan copping a pay cut of more than $25,000. In Re Nissand Pty Ltd (in liq) [2019] VSC 280 (10 May 2019) Judicial Registrar Patricia Matthews found that while more than $131,000…
PKFs’ Trent Hancock. PKF’s Trent Hancock has defeated a bid to have proceedings launched by him dismissed as an abuse of process, but will need to cough up more than $157k in security for costs within 21 days to to keep his pursuit of bar baron Shadd Danesi alive. In South Townsville Developments Pty Ltd (in liq) v Lauvan Pty Ltd [2019] FCA 666 Federal…
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…
PKFs’ Trent Hancock. Trent Hancock will have to divulge details of a litigation funding agreement after a Federal Court judge ruled that Shadd Danesi was entitled to see aspects of the agreement in respect of proceedings Hancock has commenced to recover $6.4 million from the bar baron. Hancock – in his capacity as liquidator of South Townsville Developments – is trying to recover the funds…
Worrells’ Nick Malanos. Nick Malanos and Adam Farnsworth have been forced to confirm their appointments as liquidators of two companies formed to operate the business of Rhodes & Beckett after the private equity group that bankrolled the ailing retailer out of administration in 2017 claimed those doing the appointing weren’t valid directors. NSW Supreme Court judge Kelly Reeves yesterday ruled that Malanos and Farnsworth, who…
Brooke Bird’s Robyn Erskine. The Federal Court of Appeal yesterday dismissed an application by North Shore Property Developments (NSPD) liquidator Robyn Erskine in what represents a potential setback for the ATO in its pursuit of Erskine’s predecessor, Sydney liquidator David Iannuzzi. In Erskine as liquidator of North Shore Property Developments Pty Ltd (in liq) v 72-74 Gordon Crescent Lane Cove Pty Ltd [2019] FCAFC 62…
Jirsch Sutherland Melbourne partner Glenn Crisp has had a win of sorts over the Deputy Commissioner of Taxation (DCoT) in regards to his tenure, his fees and a proposed litigation funding agreement. In the matter of Imagebuild Group Pty Ltd [2019] VSC 213 (5 April 2019) we get a detailed breakdown of why the DCoT regarded Crisp’s claims for remuneration as excessive and how Crisp…