Hamilton Murphy’s Stephen Dixon. Worrells’ Ivan Glavas. The likelihood that Hamilton Murphy’s Steve Dixon and Worrells’ Ivan Glavas could come in for some unwelcome attention has edged a little closer to reality following the latest decision of Justice Kevin Lyons of the Supreme Court of Victoria in the unfolding saga that is El-Saafin & Anor v Franek & Ors (No 4) [2020] VSC 389. Dixon…
Amanda Young. Struck off liquidator Amanda Young could be gaoled for up to 10 years following the commencement of criminal proceedings relating to almost $240,000 the 40 year old accountant is alleged to have misappropriated whilst working at mid-tier insolvency firm Jirsch Sutherland. Young was issued a summons in respect of the alleged criminal offences in April this year and the matter came before a…
SV Partners no more! Liquidator Shumit Bannerjee. The current flat lining of insolvency appointments would you think give ambitious IPs eager to strike out on their own cause to reconsider. Not necessarily so. Take SV Partners’ director Shumit Bannerjee for example, or more correctly, former SV Partners’ director. Bannerjee it turns out has taken the bold – or perhaps prescient step – of leaving the…
On the move but not yet on a roll. Liquidator Mitchell Ball. Rolling across iNO’s desk in recent weeks have been murmurings about movement in Kent Street, where we understand Mitchell Ball, who puts the B in BPS Recovery, has parted company with the P and the S, Max Prentice and David Sampson. iNO’s mail is that Ball and a couple of his staff have…
BRI Ferrier’s Peter Krejci. BRI Ferrier’s Brian Silvia. One thing you can say about veteran insolvency practitioner and BRI Ferrier NSW partner Brian Silvia is that he’s not the type to go quietly, which is probably why the sound of equity holders’ heads butting has reached iNO’s ear, all the way from BRI’s offices atop Australia Square. iNO’s intelligence network has learned that Silvia and…
CRS Warner principal Anthony Warner Insolvency Experts’ principal Steve Kugel. Sydney liquidator Anthony Warner has had a partial but important win this week in his marathon dust up with former business partner and liquidator Steve Kugel. In Warner Capital Pty Ltd v Shazbot Pty Ltd [2020] NSWCA 121 three judges of the NSW Supreme Court’s Court of Appeal on Wednesday overturned the decision of Justice…
Amanda Young. Former Jirsch Sutherland partner Amanda Young allegedly tricked her brother into signing cheques drawn on a liquidation account then deposited the funds into three of her personal credit card accounts, a disciplinary committee has found. Young allegedly deceived her older brother, Jirsch Sutherland partner Sule Arnautovic, by presenting him with multiple cheques to sign in his capacity as liquidator of the St Gregory’s…
Hall Chadwick’s Richard Lawrence. Tauro Capital and Apollo League director Simon Ward. Hall Chadwick Melbourne partner Richard Lawrence will refrain from exercising his casting vote in the event there is a deadlock between creditors prepared to accept Tauro Capital director Simon Ward’s compromise offer and those who want his head. In a report issued to Tauro creditors this week Lawrence said that as a consequence…
Morton + Lee Insolvency’s Leon Lee. Hall Chadwick’s Ginette Muller. The knives were out from the start when Queensland liquidator Leon Lee accepted the appointment as voluntary administrator (VA) of Bulkbuild Pty Ltd but after the deed was done, the steel sheathed and the stains erased, some of his despatchers were possessed of a benevolent magnanimity. “They said he’s not a bad guy,” a source…
Morton + Lee Insolvency’s Leon Lee. Voluntary administrator Leon Lee has denied adjourning a meeting of creditors of Bulkbuild Pty Ltd last week to prevent a vote to replace him. On Thursday Lee presided over the first meeting of creditors of Bulkbuild, to which he was appointed by sole director Digen Yi Hur on May 18. Accounts of what transpired before the meeting was adjourned…