Receivership

Worrells ‘Workbench’ evaded KPMG scrutiny

Worrells Chris Cook. You might think a sizeable share of $20 million, generated by receivers winding down a poisoned partnership, would be enough to satisfy the most exacting beneficiary. No. In the following case, Worrells Chris Cook and Raj Khatri not only had to respond to repeated inquiries from one of the members of the tainted alliance but had to neuter criticisms from a rival…

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Liquidator owed $200,000 trapped in stoush over fund

HoganSprowles partner Christian Sprowles. It can be ticklish being both receiver and liquidator of a corporate trustee and Christian Sprowles is one practitioner who knows all about it. The Hogan Sprowles‘ principal was appointed liquidator of CWCN Pty Ltd, the trustee of the CWCN Unit Trust on March 4, 2020. After discovering that although the company was assetless the underlying trust was anything but he…