Liquidators can act as surgeon and undertaker: Judge
Whilst it might seem difficult to envisage how the appearance of independence can be maintained by insolvency practitioners acting as both surgeon and undertaker, Justice Paul McKerracher illuminates the way to envisagement. In Australian Securities and Investments Commission v Diploma Group Limited (No 5) [2017] FCA 1147 his honour last week granted leave to David Hodgson and Andrew Hewitt to enable the Grant Thornton partners to appoint themselves as administrators of…