Litigation Funding

SX Projects liquidator resigned after threats

It was just before the May 21, 2018 annual meeting of creditors of failed builder SX Projects that incumbent liquidator Geoff Reidy was approached by several individuals wanting a quiet word. Intrigued, Reidy agreed to the impromptu chat with the men, who one of INO’s sources described as being of South Pacific islander appearance. Once away from prying ears and eyes however, it became clear that they weren’t…

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Palmer ups ante in PwC/PPB Advisory intervention

If Prince Harry and his fiance must endure old man Markle crashing their wedding then why should the highest profile pairing in Australia’s insolvency sector be exempt from intervention? The answer is that it even if it should be it isn’t, as evidenced by the confetti of subpoenas and affidavits filed in the Supreme Court of Queensland this week by lawyers representing one Clive Frederick…