HM Advisory’s Cameron Gray. After being told that he and not the court would need to decide whether the winding up of Mawson Infrastructure Group Inc (MIGI) should continue Cameron Gray has chosen the option least likely to provoke MIGI’s American interests into a nuclear response. The renewables option if you will. Facing contempt proceedings in the US and a hostile board that’s impugned the…
HM Advisory’s Cameron Gray. Perhaps the US interests condemning Cameron Gray’s conduct as liquidator of Nasdaq-listed Mawson Infrastructure Group Inc (MIGI) think the distance between jurisdictions means their allegations need to be extreme to carry any weight after travelling so far. “Mawson alleges that the debts have been created in some breach of fiduciary duty and that Mr Gray was effectively complicit in this behaviour,…
Worrells Roberto Crispino. A federal court judge who was prepared to invoke the S532(2) exception so as to allow a number appointments to remain under the control of members of the Hall Chadwick partnership was not prepared to allow the costs of the exercise to be borne by the affected creditors. In Crispino (liquidator), in the matter of Universal Steel Pty Ltd (In Liquidation) [2026]…
Bill Fletcher. Kate Barnett. Bill Fletcher spent half of yesterday doing all he could to avoid throwing Kate Barnet under a bus. Mostly he succeeded. The former Bentley’s partner, who would normally be enjoying an enviable boomer retirement instead presented in the Federal Court for public examination by counsel for Mark Robinson, the Fort Restructuring principal who replaced Fletcher and former Bentleys’ colleague Barnet as…
Cor Cordis partner Kate Conneely. Cor Cordis partner Rahul Goyal. Cor Cordis duo Rahul Goyal and Kate Conneely wanted out. They couldn’t locate the asset. Their funder was happy for them to go. All that was required was a judge prepared to approve their final remuneration and ahem, disbursements. What they got was Ashley Black. The scrupulously correct Corporations List judge at the NSW Supreme…
Jones Partners principal Bruce Gleeson. Hall Chadwick’s Richard Albarran. When $5,000 all that’s been paid to cover remuneration you can be sure a liquidator of the calibre of Richard Albarran won’t ignore cash sitting in a court bank account waiting to be claimed but as a recent judgment of the NSW Supreme Court shows, even Hall Chadwick’s most prominent partner can’t win over a judge…
McGrathNicol partner Shaun Fraser. McGrathNicol partner Jonathan Henry. As far as stumbling blocks go $50 million’s hard to miss and Shaun Fraser and Jonathan Henry surely anticipated a trip hazard emerging after insisting on a carve out of such proportions from the sale proceeds of the Tahmoor Coal mine south of Sydney. In the NSW Supreme Court on Wednesday lawyers for the McGrathNicol partners arrived…
ReGroup Solutions CEO Ben Heaney. He might have graduated from Hank De Jonge’s academy of pre-insolvency but a first class education in the opaque arts of business restructuring apparently did not equip Queenslander Ben Heaney with the skills necessary to avoid accumulating a surfeit of tax debt. Last year Heaney and business partner Michael Durbridge resolved to change the name of their turnaround advisory, ReGroup…
McGrathNicol partner Shaun Fraser. The security interest shell game Sanjeev Gupta has played with the assets of GFG Alliance was always going to come under scrutiny once one of the group’s entities fell into the hands of independent liquidators with funds. That scrutiny was also always going to include Gupta’s lenders, lawyers and advisors and last month in the Federal Court McGrathNicol’s Shaun Fraser and…
Salea Advisory founder Sule Arnautovic. (Image https://www.salea.com.au) Parties in the alleged “Richmond Group of Companies” (Richmond Group) tax dodge proceedings were back before a judge this morning, continuing their slugfest over questions of conflict and who should be liquidator of a related entity that may represent a pathway to actual money. Among the myriad related entities to which Richmond Group liquidators Peter Krejci and John…