PPSR

Dartbrook’s receivers to cough up after PPSR wrangle

FTI Consulting’s Ben Campbell. FTI Consulting’s David McGrath. It must bring a receiver some satisfaction when he or she forms the view that a piece of equipment leased to a company to which they are appointed is theirs to operate without payment to the equipment’s owner thanks to incorrect registration of the owner’s interest on the Personal Property Securities Register (PPSR). Similarly, a sense of…

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dVT’s Hermes links revealed during FEG scrap

On Monday dVT partners Riad Tayeh and David Solomon narrowly avoided an indemnity costs order sought by their old mates from the Department of Employment’s FEG Recovery Unit. FEG had sought orders that Tayeh and Solomons personally pay FEG’s costs of proceedings it brought in November 2017 to have the dVT’s pair replaced as liquidators of Damilcrest Pty Ltd after they had previously declined three times to resign voluntarily…