Insolvency Experts’ principal Steve Kugel. CRS Warner principal Anthony Warner The long running dispute between Sydney liquidators Anthony Warner and Steve Kugel continues to fester with the pair now warring over the details of an accounting of the value of WIP from their partnership, which disintegrated in 2014. In the NSW Supreme Court yesterday Justice Guy Parker – who was observed spending parts of the…
Despite a court finding there was no phoenix activity ASIC persists in identifying one current and one former liquidator as having been prosecuted for phoenix activity. Once ASIC’s bid for an inquiry into ex-liquidator Andrew Wily and current practitioner David Hurst was dismissed with orders that the regulator also pay the respondents’ costs some among INO’s audience began to articulate the inevitable question. Will ASIC’s…
Don’t be fooled he’s thrilled. Liquidator David Hurst (R) with lawyer Joe Scarcella. An application for a judicial inquiry into the conduct of Andrew Wily and David Hurst has been dismissed with the judge describing the corporate regulator’s pursuit of Wily as vexatious. Delivering judgment in the NSW Supreme Court yesterday, Justice Paul Brereton apologised for the time it had taken him to provide a…
O’Brien Palmer’s Daniel Frisken. There’s a bale or two of hay to be made from the misfortunes, if we can call them that, of the Merhis Construction Group, but they’ll likely feed enmity amongst appointees too before this saga’s through. As was reported by the Australian Financial Review’s Larry Schlesinger yesterday, O’Brien Palmer’s (OBP) Liam Bailey and Chris Palmer are chasing as much as $6…
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SV Partners’ Darren Vardy. SV Partners hasn’t exactly set about franchising its entire business, at least not yet, but certainly it would seem that the firm’s man in The Shire, Darren Vardy, has become SV’s first franchisee. INO’s mail is that Vardy’s new relationship with SV includes him taking over the lease of that portion of the SV premises at Caringbah in Sydney’s south that…
Advertorial Foremans’ Timothy Holden has teamed up with Crouch Amirbeaggi. Crouch Amirbeaggi is delighted to announce that Timothy Holden has joined our team to head up our Melbourne office. Formerly at Foremans Business Services, Timothy is a Registered Liquidator and Trustee in Bankruptcy; a Chartered Accountant (Fellow) and a member of the Australian Restructuring Insolvency & Turnaround Association. He is also a graduate (Order of…
Departing ATO director Aris Zarifiou. Image: http://www.theonesense.com The tax personage’s loss is the taxpayer’s gain, or at least that’s what Tania Waterhouse is expecting as Aris Zarifiou joins her other recent ATO hire Michael Cranston at Waterhouse Lawyers. Yesterday – between distressingly chesty hacks – a flu-stricken Waterhouse explained that Cranston and Zarifiou would provide taxpayers with the best possible representation in their dealings with…
Chris Baskerville, one of two new equity partners at Jirsch Sutherland. It might not be a response to the recent travails within Jirsch Sutherland’s NSW practice but the announcement of new partners is probably just the tonic to boost flagging morale. Jirsch’s Sydney HQ has been the subject of intense scrutiny since December last year when partner and registered liquidator Amanda Young was sacked amid…
Advertorial Dealing with Change: Former ATO deputy commissioner Michael Cranston. Image Courtesy Waterhouse Lawyers. With Winter allegedly imminent, the Association of Independent Insolvency Practitioners (AIIP) has finalised its program and confirmed the speakers for its 2019 Conference. The theme of this, the second Conference of the AIIP, will be “Dealing with Change” and change is a subject one of the keynote speakers in particular is…