This week SiN gained an insight into the latest strategic planning process being undertaken by the Australian Restructuring Insolvency & Turnaround Association (ARITA) and ARITA chief executive John Winter, who was in Melbourne yesterday at the ARITA Tas/SA State Conference, confirmed the existence and content of the agenda. “The current strategic plan was 2017 so it’s an appropriate time,” Winter said. “We’ve retained the strategy advisers…
A curious document landed on SiN’s desk yesterday, one calling for wholesale reform of the Australian Restructuring Insolvency and Turnaround Association (ARITA). The document was authored by Crouch Amirbeaggi principal Nicholas Crouch. He’s a former ARITA member and SiN understands the parting was not amicable. In the document sent to 14 registered liquidators and barrister Geoff McDonald, Crouch proposes that ARITA offer its services to members…
None of the likely recipients are confirming but SiN understands that the urgently anticipated draft Insolvency Practice Rules (IPRs) have been released by government for review by insolvency and reconstruction industry stakeholders. The word is that the first incarnation of the IPRs is already being discussed and SiN’s reading of the insolvency sediments yesterday did reveal that John Winter from the Australian Reconstruction Insolvency and…
The Quayside Room atop the Museum of Contemporary Art was abuzz last night as various FTI Consulting bigwigs, staff and clients gathered to hear Australian restructuring chief John Park discuss the peculiarities associated with being liquidator of Queensland Nickel. Regrettably Park’s talk – largely the same as the one he gave at the ARITA National Conference last month – was delivered according to the infernal…
THE changes to insolvency mooted in the Federal Government’s Innovation Statement provide an ideal opportunity for insolvency practitioners to host seminars. There the invited can hear the pros and cons debated then opine at length during the drink and nibbles that invariably follow. Last week Schon Condon, James McPherson and the rest of the Condon Associates team were at it, packing their conference room on…
FRIDAY was a triumph for the men and women of BPS Recovery after partner Max Prentice’s Ticket of Leave (TOL) trounced the competition at the annual Chartered Accountants Regatta on Sydney Harbour. With son Matt at the helm, Prentice scooped the Division A teams event, winning the coveted Liquidators Cup in the process. Fellow BPS team skipper Rob Pizzie took second aboard Tonic to entrench…
IT’S that time of year when bankruptcy trustees and those who work with them convene for Traill & Associates‘ annual National Practical Bankruptcy Congress, Workshops (and cocktail party). Organised by Rosie Traill, whose sister Kate was recently appointed to the bench as a Judge of the District Court, the two-day get-together of body snatchers focuses on practical issues facing trustees and their staff and advisors,…
IT’s early days but Sydney lawyer Paul Fordyce is planning to launch a restructured insolvency conference format that he thinks could blow rival events out of the water. The fact that he intends staging his conference in Hawaii won’t detract from its allure. Over a coffee this week Fordyce explained how the three-day event would canvass topics in a way radically different to the usual…
ARMSTRONG Wily principal Andrew Wily has confirmed he has surrendered his registration as a trustee in bankruptcy, blaming onerous regulation and meagre profits. “It’s been brewing for a while,” Wily told SiN when asked when he decided to give up his ticket. “It’s a process that will go on for months of winding down, that’s all,” he said. The Australian Financial Security Authority (AFSA), which regulates personal insolvency,…