Queensland IP Bill Cotter has been on a wild ride these last few months since being appointed voluntary administrator of Delta Law Pty Ltd, an incorporated legal practice, on August 1. Cotter was first approached on July 16. Referrer James Loel and Delta director Quinton Rozario were interested in discussing a possible appointment as liquidator. In legal proceedings brought by interests seeking to oust Rozario,…
Hall Chadwick’s Steve Gladman. It has taken time but this week the NSW Supreme Court of Appeal delivered its verdict in respect of a contentious casting vote exercised by Hall Chadwick’s Steve Gladman at the second meeting of creditors of Glenfyne Farms, back on October 9, 2018. That vote, which for practical purposes defeated an attempt by Glenfyne’s major creditor to replace Gladman as liquidator,…
BPS Recovery’s Mitchell Ball. Jump on directors, back-dated documents, low ball fees and a common referrer – a disciplinary committee convened to consider whether liquidator Mitchell Ball should remain registered has benched the BPS Recovery partner for a year but declined to cancel his registration. Making its findings public yesterday the committee said that Ball’s contrition, the calibre of those providing endorsements of his character…
Bentleys’ Tracey Knight. Liquidator Jim Downey Craig Walton, a key figure in one of the most controversial corporate restructures of recent times, has declared bankruptcy a week before the commencement of a trial brought by liquidators chasing the 63 year old for a $1.65 million debt. A search of the National Personal Insolvency Index reveals Craig Hall Walton, unemployed of East Melbourne, declared himself bankrupt…
dVT’s Riad Tayeh Hermes Capital Director Nick Samios. A claim for more than $5 million could be heading FEG’s way if, as seems likely, ailing Hunter-based mining services firm MRS Services Group is placed into liquidation as per the recommendation of its voluntary administrators (VAs) last Friday at the 2nd meeting of creditors. While the meeting was adjourned to allow Jirsch Sutherland trio Sule Arnautovic,…
FTI Consulting’s Joanne Dunn. FTI Consulting’s Joanne Dunn may well be ruing the day she agreed to an appointment as liquidator of engineering firm Intelara. Prior to her appointment in December 2015 pre-insolvency advisors had persuaded the Intelara directors to undertake what courts say was described to the directors as a “legal phoenix”. The subsequent involvement of the FEG Recovery Unit – which had Palisade…
Hall Chadwick’s Richard Albarran. Hall Chadwick’s Brent Kijurina An accounting practice principal has insisted that his firm has no referral relationship with Hall Chadwick despite referring multiple appointments to Hall Chadwick’s Sydney practice and engaging the wife of a Hall Chadwick staffer as a bookkeeper. During public examinations in the Federal Court last month Hafez Alameddine, principal of Macquarie Accountants, answered “Privilege. No” when asked…
Worrells partner Simon Cathro. Brooke Bird’s Robyn Erskine. Apart from ASIC’s April 2019 Corporate Insolvency Update there’s been precious from the regulator in regards to the work of the Reviewing Liquidator’s (RevLiq) Panel, set up at the beginning of the year to give effect to the Insolvency Law Reform Act 2016 (ILRA 2016) reforms. iNO had hoped that would change this week after we sent…
Liquidator David Iannuzzi. The Federal Court has ordered ASIC reinstate companies deregistered by David Nicholas Iannuzzi, the Sydney-based liquidator facing a 10 year ban after the Commissioner of Taxation (CoT) applied in 2017 for a judicial inquiry into his conduct. Justice Angus Stewart made the orders on Monday September 2, 2019, further ordering that KPMG’s Gayle Dickerson and Stephen Vaughan be appointed liquidators of the…
Veritas Advisory principal David Iannuzzi. Sydney liquidator David Iannuzzi looks set to consent to orders this morning that will see him stripped of his liquidator’s registration and rubbed out of insolvency for 10 years. At an interlocutory hearing on Monday, counsel for Iannuzzi and the Commissioner of Taxation (CoT) jointly told Federal Court Judge Angus Stewart that they had an “agreed statement of facts” (SoFac)…