Lined up to replace Jirsch duo: SV Partners’ Ian Purchas. Trent Devine and Bradd Morelli are in for a fight this week, with the hearing of an application mounted by irate creditor to have the pair punted as liquidators of FW Projects commencing tomorrow. This matter has been heading for a showdown in the court for several weeks but it was only at a motions…
Worrells’ Nick Cooper Hall Chadwick’s Brent Kijurina Just when you think you have the inside running, a rival emerges to make it a contest and that is what’s occurred in relation to troubled South Australian builder Unique Urban Built. As previously reported, incumbent liquidator Paul Jorgensen of PKF South Australia got himself into a spot of bother in relation to the timing of meetings and…
Liquidator Peter Macks. The corporate regulator and liquidator Peter Macks continue to skirmish ahead of a long delayed judicial inquiry into Macks’ conduct on liquidations commenced more than a decade ago. In the latest confrontation, a South Australian Supreme Court judge has refused ASIC’s bid to expand the scope of the proposed inquiry whilst simultaneously denying Macks’ application for a permanent stay. The detail is…
McGrathNicol’s Rob Brauer. McGrathNicol’s Rob Kirman. The two Robs, Messrs Kirman and Brauer have been served some work from the Forge Group liquidation courtesy of KPMG’s takeover of Ferrier Hodgson. Last week in the Supreme Court of West Australia, orders were made appointing the McGrathNicol pair special purpose liquidators (SPLs). Those orders were made on the application of Martin Jones and Wayne Rushton, Forge’s general…
KPMG Australia CEO Gary Wingrove. Having completed its acquisition of Ferrier Hodgson this week, KPMG is now home to more registered liquidators (RL) than any other firm. Based on the most recent ASIC data, the acquisition of Ferriers almost quadruples KPMG’s RL contingent, taking it from nine to 34 as of Monday when receptionists at what had been Ferriers offices started telling callers they had…
BPS Recovery’s Mitchell Ball. BPS Recovery’s Mitchell Ball has dodged a bullet after forgery allegations raised doubts about the validity of his appointment in August 2013 as liquidator of Bluemine Pty Ltd. In the NSW Supreme Court yesterday INO listened with mounting interest as the court heard that a former director of Bluemine – one Gino Cassiniti – wanted to withdraw previous admissions he’d made…
Liquidator John Sheahan. Federal Court Judge Tony Besanko has detonated the judicial equivalent of small nuclear device in the vicinity of Ian Lock and John Sheahan, ruling the pair must repay 30 per cent of almost $5.8 million in fees that they’ve been paid as administrators and liquidators of the Cedenco JV Australia Group. In determining the quantum of the reduction – first flagged in…
Rodgers Reidy director Geoff Reidy. The plaintiff directors of Zamora Homes have dropped their bid to appoint a special purpose liquidator (SPL) to the company and may consider themselves fortunate to have escaped orders that they pay indemnity costs to Geoff Reidy, the incumbent they sought to supplant. At the beginning of a hearing in the NSW Supreme Court yesterday, Justice Ashley Black heard that…
Rodgers Reidy director Geoff Reidy. Geoff Reidy looks set for a tedious time next week when he settles into the witness box for a day of questioning in relation to Zamora Homes. The Rodgers Reidy co-founder was appointed liquidator of Zamora by the courts back in 2011. A hearing in relation to this ageing dispute between shareholders was scheduled for later this month but in…
Liquidator Paul Jorgensen. We understand a meeting of creditors of Unique Urban Built (UUB) is scheduled to take place this morning in the offices of PKF South Australia and that the liquidator appointed – Paul Jorgensen of PKF South Australia – has chosen not to attend. INO’s mail is that Jorgensen ceded the job of chairing the meeting at PKF Adelaide’s Flinders Street office to…