Receivership

Mirabela receivers to cast off jilted suitor’s shackles?

A recent application for directions in the Supreme Court of West Australia has revealed that for 12 months some of KordaMentha’s most experienced practitioners have been hamstrung by the threat of an indemnity-crippling damages claim after terminating a contract to sell the assets of Mirabella Nickel (MBN) to one party and then offloading those same assets to another. The jilted buyer was Mining Standards International Pty Ltd (MSI),…

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Receivers to tackle Mossgreen mess

Insolvent auction houses. Who’d touch one after the mess BDO’s James White, Andrew Sallway and Nick Martin have found themselves in? Grey House Partners, that’s who. In Re Mossgreen Pty Ltd (in liquidation) [2018] VSC 230 (9 May 2018) we learn of a recent attempt to install Greyhouse’s Andrew Beck and Ben Verney as receivers of goods stored in a warehouse in the Victorian suburb of Clayton. From…