Litigation

Liquidator prevails over entity without a bank account

DV Recovery Management’s Daniel O’Brien. It’s tough to argue that a company isn’t impecunious when it doesn’t have a bank account. Just ask the Sydney barrister who turned up to advocate for this proposition before NSW Supreme Court corporations judge Ashley Black on Monday. The barrister – Daniel Krochmalik of 3 St James – has had plenty of experience and some success before Black J…

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Worrells ‘Workbench’ evaded KPMG scrutiny

Worrells Chris Cook. You might think a sizeable share of $20 million, generated by receivers winding down a poisoned partnership, would be enough to satisfy the most exacting beneficiary. No. In the following case, Worrells Chris Cook and Raj Khatri not only had to respond to repeated inquiries from one of the members of the tainted alliance but had to neuter criticisms from a rival…