Liquidators


Chan & Naylor’s insolvency bros depart

iNO Priority RRI Advisory’s Trajan “John” Kukulovski. RRI Advisory’s Liam Bellamy. Noses appear to be out of joint in the Chan & Naylor family, with iNO learning that the mid-tier accountancy is looking elsewhere for insolvency services after its existing go to liquidators – Liam Bellamy and Trajan “John” Kukulovski – parted company with Chan & Naylor principals Ed Chan and Peter Ristevski. The rumours…


Trade Choses of Action and find Funding with LAE

ADVERTORIAL Legal Action Exchange (LAE) is a digital platform for liquidators and bankruptcy trustees that facilitates the sale of choses of action and the acquisition of funding for legal actions. On Legal Action Exchange you can post the details of choses of action you are looking to sell or fund but don’t have the time or resources to fund yourself. How it works The Liquidator/…


Low ball partner rate not enough to win Forum gig

McGrathNicol chairman Jason Preston. McGrathNicol partner Jason Ireland. It’s likely to be one of the highest profile appointments of 2021 so it was no surprise that when Westpac approached the Federal Court last week seeking to have provisional liquidators appointed to Forum Finance Pty Limited (Forum), Justice Michael Lee found himself presented with aspiring appointees from two of Australia’s most prominent insolvency firms. Westpac wanted…


When your appointor might be a bankrupt

O’Brien Palmer’s Daniel Frisken. What’s in a name? Well when you’re a registered liquidator authorised to accept formal appointments from directors there’s plenty, particularly when the sole director doing the appointing has four names and there’s a possibility he might be an undischarged bankrupt. The RegLiq in question in this intriguing case is O’Brien Palmer partner Daniel Frisken, who was appointed administrator of builder NPH…


Bias finding unlikely but Judge may remove regardless

Towards the end of the hearing of a liquidator removal application yesterday, the presiding judge mused that whilst he was unlikely to find that GS Andrews Advisory principal Greg Andrews has demonstrated bias as liquidator of Candlebrush Investments Pty Ltd (Candlebrush), he might remove him anyway. The judicial contemplations were uttered by NSW Supreme Court judge Ashley Black after his honour had spent much of…


11th hour lien claim ruffles receivers

Hall Chadwick’s John Vouris. There may be quite a stoush germinating between Atlas CTL Pty Ltd‘s receivers Matt Byrnes and Andrew Hewitt and the company’s lien-wielding liquidators Richard Albarran, John Vouris and Richard Lawrence over entitlement to assets which formed part of the auto leasing outfit. “After a year of blistering inactivity and at the urging we understand of Volkswagons’ lawyers, they have suddenly indicated…


Rich listers back first challenge to assignments

Cor Cordis partner Jason Tang. Cor Cordis NSW partner Ozem Kassem. Jason Tang and Ozem Kassem are in line to make a little history whichever way things fall in their stoush with the barons of Botox, Alistair Champion and Babak Moini. For almost a year the Cor Cordis pair have been quietly defending claims brought by the hair removal rich listers who allege that in…


Liquidator hands failed mining ambitions to old boss

O’Brien Palmer’s Daniel Frisken. (Image: O’Brien Palmer) Hall Chadwick partner Sule Arnautovic. (Image: Hall Chadwick) Everybody wants to be an iron ore magnate these days but liquidator Daniel Frisken’s foray into the mining and minerals game has come unstuck with the placing into voluntary administration (VA) of ICA Mining, a company which had until recently purported to be advancing the resurrection of the old Peko…


Liquidators exit after judge declines to remove

Romanis Cant’s Tony Cant. Romans Cant’s Renee Di Carlo. It’s not often that two liquidators fend off efforts to remove them only to resign shortly thereafter but Romanis Cant’s Tony Cant and Renee Di Carlo can boast of being such a pair. Nine months ago Federal Court judge Neil McKerracher refused an application by Sands Contracting Pty Ltd for orders removing Cant and Di Carlo…