ProvLiqs

‘Nominal’ director seeks to be heard on winding up

Insolvency Option’s Darren Vardy. BRI Ferrier’s Peter Krejci. Whether it’s Richmond Lifts or the NPC Pooled Group there are times when all the current tax fraud allegations seem to circle the same drain, a sink hole beneath which allegedly lurks accountant Samuel Peter Cassaniti. And as it so happens, one of those times was yesterday morning when an application to wind up Armstrong Scalisi Holdings…

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Succinct outline of ProvLiqs purposes

Rodgers Reidy director Brodie Hilet. Rodgers Reidy director Neil McLean. Federal Court judge Michael O’Bryan issued a judgment this week that outlines with admirable succinctness the fundamental purpose of appointing provisional liquidators (ProvLiqs), the circumstances required to justify such appointments and the reasons why any such appointment cannot by ordered in the absence of limitations. His honour was confronted with the far from unusual scenario…