When one is defending an application which seeks to have a court enquire into your conduct, dumping insolvency appointments might signal a lack of faith in one’s defence. Unless perhaps you’re preparing to retire? And as it happens, ArmstrongWily principal Andrew Wily finds himself in just such a predicament. The keen angler and pig shooter is currently defending an action brought by the Australian Securities and Investments…
KordaMentha restructuring veteran David Winterbottom confirmed to SiN yesterday he is leaving the top tier practice for the less burdensome life of consulting and directorships. The 52 year old, who started KordaMentha’s Sydney office with another ex-EY and Arthur Anderson alumni, Martin Madden in 2004, said after 30 years in insolvency he was ready to do something else. He had told the “two Marks” of his intentions…
Hospitality operators who utilise or are located close to Sydney’s greatest natural asset – the harbour – must’ve added some ballast to the balance sheet over the last week as discretionary expenditure spilling from the purses and pockets of the many hundreds of delegates to INSOL 2017 swelled outlays from local accounting and law firms eager to impress foreign colleagues and clients. While SiN doesn’t…
There’s plenty that can be read into the recent decision by Marcus Ayres to move to EY, which the now ex-PPB Advisory partner was happy to confirm. Like why PPB Advisory – post the Litmus merger – appears less attractive to at least some of the partners who’ve been watching the continued growth in informal restructuring? Ayres is seeking a new opportunity, just like colleague…
Peter Dinoris, who in October ended a lengthy tenure with Vincents on what are believed to be less than amicable terms, has launched his own practice. The new outfit is called Artemis Insolvency and while it’s understood that one member of Artemis has been poached from the former firm, all Dinoris’s anonymous PR man would say about staffing is that: “He currently has a team…
SiN hereby confesses that the following is a shameless plug for itself and for Traill & Associates‘ annual Bankruptcy Congress, which SiN is delighted to be attending on Monday, November 14 as official media partner. This is the fourth annual Bankruptcy Congress organised by Traill & Associates, though principal Rosie Traill has been organising and running specialist events for the insolvency profession for more than 15 years….
FEG is keen to fund, attendees to the Australian Restructuring Insolvency & Turnaround Association’s (ARITA) NSW/ACT divisional conference heard yesterday. The head of the Department of Employment’s active creditor unit, who is charged with recovering as much as possible of every dollar doled out to employees of failed companies via the taxpayer-backed Fair Entitlements Guarantee Scheme (FEG), said yesterday that within limits, even smaller matters could be…
The latest mail on what regulators are doing to combat illegal phoenix activity was delivered yesterday at the Westin Hotel during a panel discussion for the Australian Restructuring Insolvency & Turnaround Association’s (ARITA) NSW/ACT divisional conference. A multi-agency approach, utilising big data cross matched and shared, is where it’s at, delegates heard. Michael Seddon from the Australian Taxation Office (ATO) talked about the anti-phoenix task force and…
Social media platforms provide an excellent means by which one can keep track of an insolvency practitioner’s career. Who after all isn’t eager to announce their arrival at a new organisation, particularly if clients haven’t acknowledged the email notifying them of the mobile careerists’s changed circumstances that was sent prior to departing the old firm? And what better or more convenient way to declare one’s…
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…