Chan & Naylor’s John Kukulovski. When we divulged last week that Jirsch Sutherland partner Liam Bellamy had defected to rival Chan & Naylor, iNO speculated that Chan & Naylor may have wanted another qualified practitioner to join its one and only Registered Liquidator, Trajan John Kukulovski. iNO thought the poaching raid might’ve been a sign Chan & Naylor was intent on being able accept joint…
Liquidator David Iannuzzi. In agreeing to be struck off the list of registered liquidators and banned from either reapplying for re-registration or working in the insolvency sector for 10 years, Veritas Advisory principal David Iannuzzi has done all he can. The rest is up to Federal Court judge Angus Stewart, who on Wednesday reserved judgment in regards to consent orders jointly proposed by Iannuzzi’s and…
Moved to Chan Naylor? Jirsch Sutherland’s Liam Bellamy. The Melbourne cohort of the Jirsch Sutherland partnership could be in the market for a fresh liquidator after the departure of Liam Bellamy, who we are reliably informed has defected to Chan Naylor. Bellamy will join John Kukulovski, another ex-member of the Jirsch Melbourne office who according to the Chan Naylor website is the firm’s National Insolvency…
Veritas Advisory principal David Iannuzzi. Sydney liquidator David Iannuzzi looks set to consent to orders this morning that will see him stripped of his liquidator’s registration and rubbed out of insolvency for 10 years. At an interlocutory hearing on Monday, counsel for Iannuzzi and the Commissioner of Taxation (CoT) jointly told Federal Court Judge Angus Stewart that they had an “agreed statement of facts” (SoFac)…
Jirsch Sutherland partner Trent Devine. Jirsch Sutherland managing partner Bradd Morelli. The liquidators of FW Projects will be feeling mighty relieved after a judge yesterday threw out an application seeking to replace the Jirsch Sutherland duo on the basis of bias. In dismissing the application of builder Hindmarsh Construction Australia (HCA) NSW Supreme Court Judge Ashley Black found In the matter of FW Projects Pty…
Steve Parbery. Image courtesy Ferrier Hodgson. One of the most significant insolvency related trials in Australian history is set to start on Monday so this week we asked Australia’s richest alleged shadow director: Are you about to settle? All Clive Palmer, the maverick minerals magnate and operator of the joint venture behind the mothballed Yabulu Nickel Refinery in Townsville would say in reply was “ask…
Hall Chadwick’s Blair Pleash. Hall Chadwick’s Richard Albarran. As can be seen from the latest judgment in the Equititrust saga, it can be tough to make the case that litigation funding benefits anyone other than the lawyers, the insolvency practitioners and the funder when creditors collect zeros. That of course is not to suggest litigation funding has no place. Far from it. In unfunded insolvencies…
Deloitte’s Tim Norman: Concerned about adjudication of proofs of debt in Plutus Payroll Australia liquidation. Lawyers for Deloitte duo Tim Norman and Sal Algeri will have to reformulate an application for guidance on how to treat hundreds of workers claiming to be employees of the notorious Plutus Payroll Australia Group (PPA) after a judge said that in its present form the application could imperil workers’…
Jirsch Sutherland partner Trent Devine. Image supplied by Jirsch Sutherland. As delegates milled around the hot food counters at the AIIP’s second annual conference in Canberra last Friday, Jirsch Sutherland partner Trent Devine was in Sydney, sitting down to lunch with nothing but an affidavit for company. Now it might be thought that an affidavit makes for a dull lunch bro. But Devine had just…
McGrathNicol Partner Kathy Sozou. Image McGrathNicol. Arguments about who should administer the liquidation of FW Projects Pty Ltd concluded yesterday and it appears that McGrathNicol is front runner to replace Jirsch Sutherland should NSW Supreme Court Justice Ashley Black favour the plaintiff in this costly imbroglio. Last week INO reported that SV Partners’ Ian Purchas had provided the plaintiff, Hindmarsh Construction Australia (HCA), with a consent to…