Struck-off liquidator David Iannuzzi. Former Veritas Advisory director Steve Naidenov. The public examination conducted by Brooke Bird’s Robyn Erskine over the last month has been instructive on multiple levels. For a start, it’s put ex-liquidator David Iannuzzi in the witness box for the second time in as many months. That’s an ordeal Iannuzzi might have thought he’d avoided when in November last year Federal Court…
Louttit & Associates’ Jamieson Louttit While the recent ICAC hearings were what put the spotlight on NSW Premier Gladys Berijiklian’s former relationship with former Wagga Wagga local member Darryl Maguire, Sydney insolvency practitioner Jamieson Louttit is also planning to illuminate certain activities connected to the disgraced ex-politician. Last month Louttit replaced PKF’s Brad Tonks as liquidator of UWE Hay Pty Ltd, UWE – Griffith Property…
KPMG’s Gayle Dickerson. KPMG’s Stephen Vaughan. KPMG’s Gayle Dickerson and Stephen Vaughan must have strained shoulders shrugging off Gino Cassaniti’s no shows after the western Sydney businessman again failed to appear for public examination (PE) in relation to RC Group (Aust) Pty Ltd (RC Group). Cassaniti’s non-attendance meant the scheduled PE by senior counsel Tony McInerny SC had to be abandoned. Unlike the previous week…
Veritas Advisory’s David Iannuzzi. Veritas Advisory principal David Iannuzzi was never going to suffer iNO reporting on his public examination into the affairs of RC Group Aust Pty Ltd (RC Group) without objection it seems but the Federal Court has ruled that this was a stoush the ex-liquidator couldn’t win. On Monday Federal Court Registrar Susan O’Connor advised the parties that she had refused to…
Western Sydney businessman and sometimes insolvency referrer Gino Cassaniti could face arrest after he failed to appear for public examination in the Federal Court yesterday. iNO understands a medical certificate provided by Cassaniti contained no details of the illness preventing him from attending the court to comply with the terms of his examination summons, which required his attendance yesterday and today. If he fails to…
PwC’s Daniel Walley. PwC’s Chris Hill. The contest over whose security interest prevails in respect of assets linked to failed fintech Sargon Capital is heating up as receivers for the respective security holders continue to battle it out in the Federal and Supreme Courts. On Monday counsel for Jason Preston and Shaun Fraser were back in the Supreme Court to continue their stoush over access…
McGrathNicol’s Anthony Connelly. de Jonge Read founder and executive director Henry ‘Hank’ de Jonge. Hank de Jonge, founder of self-declared insolvency specialists de Jonge Read, is among a group of de Jonge Read staff and former staff questioned during public examinations conducted earlier this month by the liquidator of Harker Accounting. In addition to the firm founder, executive director Ashley Shield, strategist Darren Addison, strategy…
McGrathNicol’s Shaun Fraser. The receivers of various Sargon Group entities and their appointors are allegedly “embroiled” in two disputes in the Federal Court”, a court heard this week. The claim was made on Monday in the NSW Supreme Court by lawyers for one set of receivers – PwC’s Chris Hill and Dan Walley – in their capacity as receivers of SC Australian Holdings 1 Pty…
Aston Chace’s Ian Niccol. Aston Chace’s Vincent Pirina. A court has heard that the coffers of failed online travel agency Fly365 were “flush with cash” only days before the company was placed into liquidation, plunging the travel plans of thousands into chaos and leaving creditors chasing up to $30 million in debts. The revelations emerged during an ex-parte application in the Federal Court yesterday brought…
Hall Chadwick’s Richard Lawrence. Tauro Capital and Apollo League director Simon Ward. Hall Chadwick Melbourne partner Richard Lawrence will refrain from exercising his casting vote in the event there is a deadlock between creditors prepared to accept Tauro Capital director Simon Ward’s compromise offer and those who want his head. In a report issued to Tauro creditors this week Lawrence said that as a consequence…