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Receivership

Lawyers, ProvLiqs, Public Examinations, Receivers, Receivership 24 April 2024

KordaMentha’s impressive haste

KordaMentha partner Scott Langdon. KordaMentha partner Jennifer Nettleton. Curious aspects abound in the administration of DCA Capital Pty Ltd and Digital Commodity Assets Pty Ltd (DCA Group) but for present purposes allow iNO to focus on the haste with which three KordaMentha partners concluded that they needed to be appointed to the companies as provisional liquidators (ProvLiqs).

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Costs, Fees, Receivers, Receivership 2 November 2022

Property slump denies receivers a surplus

KordaMentha’s Rahul Goyal. KordaMentha partner Michael Korda. A year ago it would’ve been a timid receiver indeed who wouldn’t back him or herself to conjure a surplus if given the opportunity to sell apartment 1306 in the record breaking Opera Residences development at Circular Quay. Further embolden said receiver, or in this case receivers, with hubristic valuations obtained before rate hikes sucked the froth out…