PPBA partner Mark Robinson has been running hard on the Reed Constructions case these last five and half years so SiN took a look at the most recent statement of accounts and minutes of meetings to see what he’s been getting for his efforts. Backed with funds from Pat Maloney’s Litigation Capital Management, Robinson has been pursuing an insolvent trading claim against two Reed directors, Geoff Reed and Derry Hill, who…
The year is done, Christmas is come and for SiN it is time to replenish the reservoir of curiosity ahead of what promises to be a fascinating 2018. From next year the Insolvency Law Reform Act (ILRA) will be in full swing. Insolvency practitioners will face a world where creditors will have expanded powers. Appointees will need to get used to being replaced. Courts too…
SiN opens by apologising for the crime of coincidence which sees us writing about Jamieson Louttit for the second time this week. The coincidence can be explained by pointing to the small size of the Australian insolvency profession. Practitioners can’t help but cross paths on rival appointments and today’s tale doesn’t deal solely with the Pitt Street principal of Louttit & Associates. PPB Advisory’s (PPBA) Mark Robinson…
Listening to the proceedings in Coope Litigation Management (CLM) V Octaviar this week, SiN couldn’t but ponder whether the business of bankrolling litigation might not provide more than sufficient grist for even reality television’s mill. Funding claims oxygenates the flames and on Monday CLM’s arsonist-in-chief Patrick Coope spent much of the day in the witness box at the NSW Supreme Court, hosing down insinuatory spot fires. These were started by…
The deft management of conflict is a key skill for any registered liquidator and over in West Australia, Tony Woodings is negotiating a minefield of competing interests in the liquidation of the Bell Group of companies. Last week a decision was handed down in the Supreme Court of West Australia that illustrates how past undertakings can come back to bite after Woodings sought directions from…
He might be facing untested allegations that could see him lose his liquidator’s registration but a judge has ruled that David Hurst can accept an appointment that will likely lead to PwC’s David Merryweather and Greg Hall appearing in the witness box for public examination. In James, in the matter of Liquor National Pty Ltd (in liq) v Liquor National Pty Ltd (in liq) (No 2) [2017] FCA 1154 (29…