Social/Professional

BRI pair on the hook for Elevate wages

BRI Ferrier’s Geoff Granger. BRI Ferrier’s Geoff Grainger and Brian Silvia have been forced to pay an unindemnified wages bill for as much as $110,000 after they were dumped last year as administrators of Elevate (NSW) Pty Ltd.   In meeting Minutes obtained by iNO, Granger told Elevate (NSW)’s creditors on May 17, 2019 that there were no funds in the administration due to funds…


UPDATE! Insolvency Rankings – 1st half 2019/2020

Ralan Group boost: Grant Thornton’s Said Jahani. FTI Consulting’s Joanne Dunn. iNO had a stumble on Wednesday with some incomplete insolvency statistics but regrouped and today brings you the definitive breakdown for 1st half 2019/2020. Generously provided by Tony Sivaa of Sivaa Consulting, working with BTLawyers, the picture painted is familiar. Worrells is yet again front runner nationally with more than 450 appointments, including 314…


Even critics need liquidators

Hamilton Murphy’s Richard Rohrt. Menzies Advisory’s Michael Caspaney. One of the insolvency profession’s fiercest critics has seen fit to avail himself of the services of – you guessed it – a liquidator. Queensland-based John Goddard owns and operates Subbies United, a website whose raison d’être is to provide information and intelligence about builders and developers who may be nearing insolvency. Subbies United’s online resources are…



SV appointee’s lower fees repel William Buck pair

SV Partners’ Shumit Banerjee There’s nothing like a free plug from a judge and in this instance SV Partners is the beneficiary thanks to the Federal Court’s Jayne Jagot in Frisken, in the matter of Avant Garde Investments Pty Ltd v Cheema [2020] FCA 98. Justice Jagot was ruling on an application by Avant Garde Investments‘ receiver Daniel Frisken, who wanted the company wound up…


Conflicts behead EY’s Sydney restructuring team

Liquidator at large: Marcus Ayres. Adios EY – Brett Lord. To lose one senior partner from your restructuring team might seem like carelessness but two? Simultaneously? Such however is the situation EY finds itself in following the resignations of Sydney-based insolvency supremos Marcus Ayres and Brett Lord, who gave notice before Christmas. While Ayres has already departed, Lord is we understand negotiating his notice period….


Olde boosts Ankura presence with FTI hires

From FTI to Ankura – Preeti Inchody From FTI to Ankura – Liam Healey Given Ankura’s global boss Kev Lavin was once part of FTI Consulting it comes as no surprise to see Quentin Olde, the man responsible for establishing Ankura’s presence down under and himself a relatively recent departee from FTI, turning to FTI’s ranks to build a team. Olde was on Linked In…


Do you bit for insolvency law reform!

Registered trustees, debt agreement administrators & other insolvency practitioners – can you help with research on personal insolvency law? A Melbourne Law School PhD study is researching the options available for people who are over-indebted, including bankruptcy and debt agreements. Nicola Howell’s study is focusing on the impacts of the different options on debtors, including the extent to which debtors improve their financial situation and…


iNO’s 2019 Year in Review

January: iNO’s 2019 coverage kicked off with a story related to the topic that had dominated our headlines in December 2018 – namely the decision by Jirsch Sutherland to terminate the employment of partner Amanda Young days before Christmas. In the near term aftermath Young’s brother and a former managing partner of Jirsch Sutherland Sule Arnautovic resigned as liquidator of St Gregory’s Armenian School Inc,…


Ben Craw departs PwC

At PwC no longer: Ben Craw PwC has lost a respected name in the food and agribusiness sector with Ben Craw leaving to form a new venture in partnership with Gunn Agri Partners. Formerly part of PPB Advisory’s well regarded agribusiness division, Craw joined PwC 18 months before it swallowed PPB whole. Craw, 41 didn’t respond to inquiries by deadline but his Linked In profile…