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Litigation, Public Examinations, VA's & DoCA's 30 November 2018

“Lingering issue” dogs latest Fearndale appointee

Balance Insolvency’s Tim Cook spent a couple of hours in the witness box in the NSW Supreme Court yesterday, contributing as best as he could to the proceedings currently underway in the matter of Fearndale Holdings. Cook is Fearndale’s most recent external administrator, having been appointed as voluntary administrator (VA) back on May 3 of this year. We missed the bulk of his testimony but did…

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Liquidators, Litigation, VA's & DoCA's 3 October 2018

dVT pair’s grip on Carzapp still clouded

Final submissions in the long running dispute between shareholders of Carzapp commenced yesterday and among the questions NSW Supreme Court judge Francoise Kunc will need to rule on is whether the August 3, 2017 appointment of dVT’s Dave Solomons and Antony Resnick as administrators of various entities within the Carzapp group was for an improper purpose. Carzapp’s director shareholders have been at loggerheads since last year when…