Receivership

Ex-liquidator making hay in distressed lending

Andrew Wily: not done with hunting? It’s no great stretch to imagine a former liquidator would be well equipped to earn his or her crust from the crumbs that fall from failed deals in the distressed lending space. It’s even less of a stretch to imagine that that ex-liquidator might be former Armstrong Wily principal Andrew Hugh Jenner Wily. The ever colourful Wily relinquished his…

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Jirsch partner dumped as creditors invoke new powers

Grant Thornton’s Phil Campbell-Wilson. Grant Thornton’s Matt Byrnes. Jirsch Sutherland partner Malcolm Howell has branded his removal as liquidator of AFX Group Proprietary Limited “a blatant abuse of the new insolvency laws” after he was replaced at a meeting of creditors last Friday by Grant Thornton’s Matt Byrnes and Phil Campbell-Wilson. The meeting had been convened in accordance with ss 90-15(1) and 90-21(2) of the…