Litigation

Receiver and liquidator amiably at odds over chose

Duff & Phelps’ Marcus Ayres. BDO’s Andrew Sallway. It’s not quite a choses in action at 10 paces but a receiver and a liquidator have agreed that no debt proof adjudication will resolve this particular brouhaha. The dispute involves related entities Business Finance Pty Ltd and Partner Invest, which the NSW Supreme Court yesterday heard were in the non-bank lending space. “… he is a…

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Familiar old foes behind new HIH claim

Tony McGrath. Jason Preston. If nothing else the last few months have shown that there’s still enough cash left in HIH to attract those adept at throttling a profit from a corporate corpse. This week iNO listened as lawyers for class action plaintiffs came before NSW Supreme Court judge Ashley Black to progress a new claim against HIH for misleading and deceptive conduct. The shareholder…