Liquidators

Derailed insolvent trading case burns Pitchers pair

Pitcher Partners’ Andrew Yeo. Pitcher Partners’ Gess Rambaldi. There must’ve been some choice words in the offices of Pitcher Partners Melbourne after a court refused Andrew Yeo and Gess Rambaldi’s application for judicial indulgence in respect of the late submission of evidence critical to a $6 million plus claim for insolvent trading against Simon Freeman of LGL Commodities. Those choice words however remain unpublished, whereas…


Severe reprimand and immaterial fine for liquidator

Aston Chace co-founder Steve Naidenov. Liquidator and CPA Australia (CPAA) member Steve Naidenov was left licking his paper cuts recently after CPAA’s Disciplinary Tribunal smote him with what passes for wrath in the age of safe spaces. A reprimand – category severe – and $2000 in fines is what the Aston Chace co-founder incurred in respect of complaints whose origins harken back to when he…


ProvLiqs appointed VAs but denied scope to tender

Hall Chadwick’s Richard Albarran. Hall Chadwick’s Richard Lawrence. Hall Chadwick’s Richard Albarran and Richard Lawrence have had to settle for a more than usually restrained role as administrators after Victorian Supreme Court Judge Jim Delany restrained them from conducting any tender or sale process of the assets of Bluechain Pty Ltd. Albarran and Lawrence were appointed provisional liquidators of the company in February following an…


SPL to eyeball VAs’ sale of battery mineral assets

McGrathNicol’s Anthony Connelly. Incoming SPL Daniel Cvitanovic. The sale of the assets of Battery Mineral Resources Limited (BMR) in late 2019 by Anthony Connelly and Jamie Harris looks set to be scrutinised by a special purpose liquidator (SPL) after a court heard that the McGrathNicol duo – who are currently BMR’s incumbent liquidators – aren’t inclined to object. That means that conditional on the court…


HLB Mann Judd partner grilled over FEG negotiations

HLB Mann Judd partner Todd Gammel. Liquidator Todd Gammel endured a light grilling during virtual cross examination on Monday as lawyers for All Filtration Technologies Australia (ALTA) sought to derail the HLB Mann Judd partner’s application for an extension of time in which to bring proceedings related to the ALTA group’s 2015 restructure. Gammel, along with colleague Barry Taylor were required to bring the extension…


Shared anxiety over examinations deferred

Pitcher Partners’ Andrew Yeo. Pitcher Partners’ Gess Rambaldi. Liquidators contemplating public examinations may benefit from an account of the tortured progress being made by Andrew Yeo and Gess Rambaldi as they try to examine Ms Sherife Roseanna Ymer, the ex-wife of alleged fraud and phoenix mastermind Philip Whitman. It’s almost three years since the Pitcher Partners’ pair obtained summonses requiring Ymer to attend for examination…


Liquidator alleged to have knowingly misled court

Liquidator Gavin Moss outside the NSW Supreme Court this week. Never has iNO regretted scheduling a dental appointment more than when an hour of root canal on Wednesday morning led to us missing the moment liquidator Gavin Moss was alleged to have knowingly misled a court. Stoically endured and lavishly anaesthetised discomfort aside, the making of this allegation before NSW Supreme Court judge Kate Williams…


Resistance became acceptance after breakfast

Chifley Advisory’s Gavin Moss Sydney liquidator Gavin Moss would’ve donned his best asbestos before fronting the NSW Supreme court yesterday, well aware he might be exposed to incendiary cross examination in respect of an application to remove him as liquidator of Fogo Brazilia Franchise Holdings Pty Ltd (FBFH). The ditch-and-replace initiative is being brought by Rebel Sports co-founder Ian Dresner of Fogo Brazilia Holdings Pty Ltd…


dVT founder retiring with KordaMentha in pursuit

Retiring – dVT Group founder Antony De Vries dVT Group’s Antony De Vries is preparing to bow out after a long career as one of western Sydney’s bigger insolvency wheels but any expectation of a tranquil retirement will likely be disappointed in the short term at least. In their capacity as the liquidators of the failed tax scam Timbercorp, KordaMentha partners by Craig Shepard and…


FOGO liquidator resisting conflict conniptions

Chifley Advisory’s Gavin Moss Further details of the bid to remove Gavin Moss as liquidator of Fogo Brazilia Franchise Holdings Pty Ltd (FBFH) emerged this week when a court ruled on an application to have a subpoena seeking details of communications between Moss, his funder and his funder’s lawyer set aside. The subpoena was issued to Stewart Levitt of Levitt Robinson Solicitors on February 24,…