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Conflict, Creditors, Independence, Lawyers, Liquidators, Litigation, Preferences, ProvLiqs, Receivers, Voidable Transactions 19 April 2024

Court hears KM trio can’t be DCA ProvLiqs

KordaMentha’s Scott Langdon. KordaMentha partner Jennifer Nettleton. The Federal Court has heard that three KordaMentha partners are in breach of the Corporations Act (The Act) because they consented to be appointed as provisional liquidators (ProvLiqs) of companies, the property of which they already controlled as receiver managers. Acting for a group of investor/creditors of DCA Capital Pty Ltd . . . Restricted Content Dear Reader,…

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Conflict, DIRRIs, Preferences, VA's & DoCA's, Voidable Transactions 2 June 2021

EY’s pre-Pindan VA involvement a sight to behold

EY’s Sam Freeman. Never let more than $340,000 worth of pre-appointment work influence concepts like the apprehension of independence seems to be the approach adopted by the trio of EY IPs who recently consented to act as voluntary administrators (VAs) of the Pindan property and asset management group. This at least is iNO’s opinion arrived at after reading the DIRRI distributed by Sam Freeman, Colby…