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Receivers

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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Administrators, ATO, Creditors, Deed Administrators, Judgment, Liquidators, Receivers 15 September 2023

VA falls on sword as judge rejects receivers’ deed plea

Vincents’ Nick Combis. Federal Court judge Brigitte Markovic has dashed the hopes of the receivers of foreign currency exchange Navigate Global Payments (NGP) by siding with a contingent creditor on the question of whether the company should be wound up or returned to administration. Her honour’s rulings – to be found in Shiny (Trustee), in the matter of Navigate Global Payments Pty Ltd (Receivers and…