Hall Chadwick WA partner Cameron Shaw. GTS Advisory director Mathieu Tribut. Much of the blood presently thickening our economic waters comes courtesy of failed building and construction firms, with wounded players going belly up thanks to rising interest rates, spiralling labour and materials costs and the return of the tax office to the fray. Inevitably, this means more referrals to practitioners and more competition for…
Exonerated: Liquidator Jason Bettles. Queensland liquidator Jason Bettles might have been naive but he was never complicit. That’s the conclusion of Federal Court judge Brigitte Markovic who in delivering judgment in Australian Securities and Investments Commission v Bettles [2023] FCA 975 has written another chapter in the burgeoning Apocrypha of failed litigation commenced by the corporate regulator. “A review of his evidence and the way…
PwC Director Wil Honner. iNO acknowledges it’s a longish bow but posits the question anyway. Is the tax office reducing its exposure to appointees from PwC due to the stink emanating from the global firm’s Australian tax practice? This question occurred to iNO during the hearing in the Federal Court yesterday of an application for the winding up of One Asphalt (NSW) Pty Ltd (One…
Deloitte partner Sean Holmes. Cor Cordis partner Tom Birch. While it might appear that today’s edition comprises a “Focus on the West” and a spotlight on Deloitte partner Sean Holmes, we can assure iNO readers that it’s a coincidence. Unlike our other yarn involving Holmes’s efforts to wind up a Ponzi scheme based on algorithmic trading of foreign exchange, this old economy tale deals with…
After considering the recent findings of Circuit Court judge Brana Obradovic, iNO was moved this week to contemplate on traits of character, in particular those essential for anyone working with a difficult bankrupt. “The application was listed for hearing on 2 May 2023. Ms Adorni arrived late to that hearing and gave a narration of her past financial woes and hopes for the future, as…
O’Brien Palmer’s Liam Bailey. Hogan Sprowles Michael Hogan. A certain Sydney insolvency practitioner must be rueing the day he agreed to introduce Scott Keith McCorkell to a business valuer. Or is the day the liquidator’s referrer introduced him to the Mosman ad man the penultimate moment of regret? ” … while the BSA “appears to be “supported” by the Valuation …. there are a number…
FerrierSilvia’s Brian Silvia. BRI Ferrier’s Andrew Cummins. iNO’s weren’t the only brows hoisted aloft when FerrierSilvia principal Brian Silvia appeared to tell creditors at the first meeting of Toplace Pty Ltd that he could draw on staff from BRI Ferrier NSW if he needed to bulk up for a big job. BRI Ferrier? Wasn’t Silvia’s 2020 departure from the firm he founded in 2008 –…
McGrathNicol’s Rob Brauer. Hall Chadwick’s Richard Albarran. Insolvency practitioners at Hall Chadwick are enmeshed in at least two fee fights at present and the common denominator in both is Sydney practice head Richard Albarran. iNO readers will be familiar with the travails being experienced by Albarran and outgoing Melbourne partner Richard Lawrence in respect of work they did on Tauro Capital (Tauro), an appointment they…
dVT Group partner Antony Resnick. dVT Group partner Suelen McCallum. For those attending online, sound drop outs, screen freezes and a constant hubbub of background blather plagued much of Wednesday’s first meeting of creditors of Toplace Pty Ltd, but joint administrators and meeting co-chairs Suelen McCallum and Antony Resnick can take comfort from the fact that despite the glitches, creditors refused to back their only…
dVT Group co-founder Riad Tayeh It’s never helpful when a government official casts aspersions upon insolvency practitioners two days out from a first meeting of creditors of a controversy-plagued firm whose founder has fled the jurisdiction. That however is the scenario facing dVT Group’s Suelen McCallum and Antony Resnick as they prepare for the first meeting of creditors of controversial construction firm Toplace Pty Ltd…