Social/Professional

ASIC, Conduct, Directors, DIRRIs, Liquidators, Social/Professional 17 June 2022

Liquidator’s ordeal in witness box ends – for now

Worrells partner Jason Bettles. While ASIC landed no killer blow yesterday Worrells partner Jason Bettles could not be said to have exited the Federal Court witness box unburdened by any remaining questions in respect of his involvement in the Members Alliance Group (MAG) and Benchmark Wealth affairs. The most obvious of those stubbornly clinging questions is why. Why did he decline to ask questions and…

Corporates, Receivers, Receivership, Restructuring, Social/Professional, VA's & DoCA's 18 May 2022

Basslink receivers on the way out after sale fail

KPMG’s Peter Gothard. EYs restructuring chief down under – Adam Nikitins. With an asset of the significance of the Basslink undersea electricity transmission cable linking Tasmania and the Australian mainland, it’s not difficult to imagine how a labyrinth of competing interests might have foiled the best efforts of the receivers appointed to the infrastructure group in November 2021 to effect a sale. That the receivers…

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