Lowe Lippmann director Matt Sweeny. Lowe Lippmann partner Gideon Rathner. There’s certainly been private lenders burnt by the flame out that was Victorian developer PE Capital Funds Management Ltd but more recently some of the insolvency practitioners appointed to wind up parts of the group have also felt the heat. In terms of public grilling none can be said to have been put to the…
KPMG special advisor Max Donnelly. BRI Ferrier’s Peter Krejci. The imbroglio that is ENA Development Pty Ltd (ENA) in liquidation and receivers appointed continues to entertain with the latest twist involving a veteran practitioner opining about solvency. iNO has already reported on this ongoing brawl between BRI Ferrier NSW partner Peter Krejci and former ENA director and ex-shareholder Robert Sebie over whether various assets belonged…
Hogan Sprowles partner Michael Hogan. HoganSprowles partner Christian Sprowles. It’s taken them more than one attempt but the liquidators of failed education provider Cornerstone Investment Aust Pty Ltd (Cornerstone) are finally dealing from a competitive position if not one of outright strength in their pursuit of PwC. ” …. these documents disclose the confidential agreement reached between the plaintiffs and the Department, as well as…
SM Services (QLD) director Jarrod Sierocki. Liquidator David Levi. SM Solvency Accountants director Jarrod Sierocki has appointed Sydney insolvency practitioner David Levi as liquidator of related entity SM Services (QLD) Pty Ltd, with Levi’s initial report to creditors disclosing debts of more than $1.3 million. According to ASIC records SM Services (QLD), which is now known as ACN 630 295 091 Pty Ltd, was placed…
HoganSprowles partner Christian Sprowles. It can be ticklish being both receiver and liquidator of a corporate trustee and Christian Sprowles is one practitioner who knows all about it. The Hogan Sprowles‘ principal was appointed liquidator of CWCN Pty Ltd, the trustee of the CWCN Unit Trust on March 4, 2020. After discovering that although the company was assetless the underlying trust was anything but he…
HLB Mann Judd managing partner James Henderson. Pearce & Heers’ Mark Pearce. North of the border Pearce & Heers partners Mark Pearce and Michael Dullaway have achieved a significant victory in their tug of war with HLB Mann Judd (SE QLD) over material relating to a business sale transaction HLB Brisbane managing partner James Henderson advised on in late 2018. “The liquidators submitted that there…
SV Partners’ Darren Vardy. Hall Chadwick’s Richard Albarran. Earlier this month the chief judge in equity of the NSW Supreme Court made an order appointing the liquidator of Epic Mining as receiver and then stayed the order’s effect for 14 days. On Monday this week that stay expired and iNO confidently expects that Epic’s incumbent receivers & managers (R&Ms) will shortly receive – if they’re…
McGrathNicol’s Anthony Connelly. The stench of potential phoenix activity clings to the arrangements that frustrated Gavin Morton in his capacity as administrator of TSK QLD Pty Ltd to the point he was removed by creditors and as court records show, his replacements have had an equally frustrating time cutting through the miasma. As is revealed in Connelly, in the matter of TSK QLD Pty Ltd…
Hall Chadwick’s Richard Albarran. Equititrust Income Fund receiver David Whyte. When you tell creditors that you won’t seek to recover your fees from a related entity and the receiver of that related entity is present, it’s best not to renege. Even the most well-meaning of practitioners can come to regret backflipping on an undertaking and in the case of Equititrust Limited (in Liquidation) (EL) and…
Cor Cordis partner Jeremy Nipps. i-Prosperity Underwriting receiver David Levi. Back in August 2020 iNO predicted that the liquidators appointed to various entities within the i-Prosperity group might have trouble persuading creditors to approve future resolutions pertaining to their remuneration. As confirmed by the Minutes of the most recent meeting of the i-Prosperity Pty Ltd Committee of Inspection (COI) that forecast was spot on. By…