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Judgment, Liquidators, Regulation/Legislation, Restructuring, Social/Professional 12 March 2021

Risks to SBRP highlighted in ruling on winding up

Integra Restructuring & Insolvency principal Adam Preiner. An application to adjourn the hearing of a winding up application whilst the applicant is subject to the Part 5.3B small business restructuring regime illuminates some of the potential risks facing registered liquidators who accept appointments as a Small Business Restructuring Practitioner (SBRP). In this case the liquidator is Sydney-based Adam Preiner of Integra Restructuring & Insolvency (INTRI)…

Advertorial, Social/Professional 10 March 2021

AIIP – April Sydney mini conference

ADVERTORIAL AIIP April mini conference speaker and barrister Ingrid King. There’s nothing better than camaraderie, particularly in these unprecedented times. Following on from the uncertainly of state border closures and measures imposed to sustain business, AIIP has reformulated its conference offering for 2021. The first of three State capital-based hybrid conferences kicks off on April 22, 2021 in Sydney. In addition to a punchy five topic program, the Sydney…

Judgment, Liquidations, Liquidators, Litigation, Social/Professional 5 March 2021

dVT pair to appeal Timbercorp ruling

dVT’s Riad Tayeh dVT Groups Antony De Vries dVT Group founders Riad Tayeh and Antony De Vries have instructed their lawyers to appeal a judgment that could see them facing bankruptcy proceedings in respect of investor loans issued by failed agri-scheme operator Timbercorp. Solicitor Marc Ryckmans of Somerset Ryckmans today confirmed that his clients had instructed him file an appeal to the judgment of Victorian…

Corporates, Lawyers, Liquidators, Litigation, Social/Professional 5 March 2021

What’s in a word – dVT boss tackles Lloyds of London

dVT’s Riad Tayeh dVT Group’s Riad Tayeh has plenty on his plate in this, the second year of the 21st century’s first pandemic. For starters the mid-tier firm’s co-founder may have to facing potentially ruinous recovery action courtesy of Timbercorp liquidators Craig Shepard and Mark Korda after the KordaMentha duo extracted a favourable decision from Victorian Supreme Court last month. As a consequence, Tayeh and…

ATO, Conflict, Liquidations, Liquidators, Public Examinations, Restructuring, Social/Professional, Voidable Transactions 3 March 2021

Ex-Deloitte partner quizzed over Last Lap restructure

Cor Cordis Melbourne partner Bruno Secatore. Deloitte Restructuring Consultant Simon Wallace-Smith. Eventful on multiple levels best describes yesterday’s public examination (PE) of former Deloitte partner and now consultant Simon Wallace-Smith, who was being questioned about his former tenure as liquidator of Last Lap Pty Ltd by counsel for the current incumbent. To start with, there were problems with all the parties being on the same…

Liquidators, Social/Professional, Talent Transfer 3 March 2021

Talent Transfer: More Deloitte defections

Michael Billingsley has left Deloitte and joined Cor Cordis. Whilst we wouldn’t want readers to think today’s edition is all about Deloitte and Cor Cordis iNO couldn’t resist the opportunity to indulge in some “you heard it here first” triumphalism. The occasion which gives us cause to crow is the confirmation by liquidator Michael Billingsley that he has joined what seems something of an exodus…

ASIC, Conduct, Discipline, Liquidators, Social/Professional 26 February 2021

For Bettles or Worse ASIC seeks life ban

Worrells partner Jason Bettles. Editor’s Note: On Friday, August 18, 2023 Justice Brigitte Markovic of the Federal Court of Australia dismissed ASIC’s case against liquidator Jason Bettles and ordered the regulator to pay Bettles’ costs. The corporate regulator has returned to the fray in its ongoing campaign to rub out Jason Bettles, calling for the Worrells partner to be stripped of his liquidator’s ticket and…

Bankruptcy, Deals & Departures, Judgment, Liquidations, Liquidators, Litigation, Social/Professional 24 February 2021

dVT duo cop whopper Timbercorp debt

dVT Group founder Anton De Vries dVT’s Riad Tayeh A recent judgment of the Supreme Court of Victoria might see amiable dVT Group partner Riad Tayeh forced to take decisive action, which could ultimately include declaring bankruptcy. The reasons for such a potential and at this stage hypothetical course lie in the findings of Victorian Supreme Court Judge Peter Riordan, who on February 5 ruled…

ARITA, ASIC, Careers in Arrears, Conduct, Discipline, Judgment, Liquidators, Social/Professional 17 February 2021

Macks cops 3 year suspension for dishonesty

Macks Advisory’s Peter Macks. A judge of the Supreme Court of South Australia has ordered that the registration of liquidator Peter Ivan Macks be suspended for three years after finding that he had fabricated documents in a failed bid to divert scrutiny of his conduct by the Australian Securities and Investments Commission (ASIC). The finding of dishonesty by Justice Sam Doyle handed down last Friday…

AFSA, Bankruptcy, Social/Professional, Trustees 12 February 2021

Trustshees to enjoy 20% of pie as AFSA tackles bias

AFSA deputy ceo Gavin McCosker Australia’s trustees in bankruptcy are about to learn the detail of a proposal that would see up to 20 per cent of all files AFSA and the Official Trustee farm out to private trustees reserved for the 10 per cent who are female. iNO’s spies divulged this week that the Australian Financial Security Authority (AFSA) is preparing to seek feedback…