Insolvency marked another milestone last week when former Ferrier Hodgson partner Gary Trevor completed the torturous winding up of Bell Group NV (BGNV) almost three decades after being appointed liquidator by Australian courts of an administration ancillary to its parent insolvency in the Caribbean jurisdiction of what was then the Netherlands Antilles. In the Supreme Court of West Australia the Perth insolvency veteran obtained orders…
Trustee in bankruptcy Schon Condon. Hoons, pig dogs, four wheel drives and firearms. The trappings of your average urban bankruptcy are far removed from this exemplar of the trustee’s eclectic lot, which involves rural properties and an estate unresolved after almost 20 years. In this case trustee in bankruptcy Schon Condon, in whom the property of former bankrupt Evan Alfred Cleaver vests despite Cleaver’s discharge…
The late Sam Henderson. Insolvency Options principal Darren Vardy. Recently deceased insolvency practitioner Sam Henderson was seemingly in the thick of things to the very end, with a Federal Court judgement detailing meetings the former Jirsch Sutherland partner had with a liquidator in the weeks before he was found dead at a North Sydney hotel on April 4. “I was satisfied that there was good…
ADVERTORIAL Senator Deborah O’Neill. The individual most likely to determine how Australia’s insolvency regime operates in the years to come will be the headline guest at the 2023 annual conference of the Association of Independent Insolvency Practitioners (AIIP). Senator Deborah O’Neill, chair of the Parliamentary Joint Committee on Corporations and Financial Services inquiry into corporate insolvency in Australia, will appear at Canberra’s Hyatt Hotel on…
Ex-FEG litigation guru Stephen Humphreys. Clover Risk Funding’s Neil Cussen. Cor Cordis partner Neil Cussen is striking out on a new career path, joining with former FEG litigation operative Stephen Humphreys to launch a best-in-practice litigation fund targeting claims under $10 million. Speaking to iNO this week Humphreys confirmed he and Cussen were negotiating how to team up at Clover Risk Funding, though he said…
Exploring new opportunities: Neil Cussen. Sydney partner Ozem Kassem. The recent ructions in the Sydney office of national mid-tier Cor Cordis have resulted in star recruit Neil Cussen leaving the firm. “We’re currently working through the details to facilitate Neil’s amicable departure.” In a statement issued late last night Cor Cordis national marketing manager Lidia Bufalino said: “Further to our statement issued on Tuesday 11…
The late Sam Henderson. A man pronounced dead after emergency services were called to a Sydney hotel has been confirmed as former Jirsch Sutherland partner Sam Henderson. Police were called to the Vibe Hotel in North Sydney around 3pm on Tuesday, April 4 amid concerns for a man’s welfare. “On arrival, officers from North Shore Police Area Command found a 45-year-old man deceased,” NSW Police…
Cor Cordis Sydney practice head Neil Cussen. Cor Cordis Sydney partner Ozem Kassem. For some weeks iNO has been hearing that change is afoot in the Sussex Street offices of the Cor Cordis Sydney practice. Departures. A break up. A disintegration. The rumours careened wildly about, lacking perimeters to curb the speculative extent of their fanciful flights. Until last night when the firm issued a…
Lawyer Ben Sewell stared down ASIC to clinch restricted ticket. They say there is more than one way to skin a cat, though having limited familiarity with the skinning game iNO cannot vouch for the veracity of this disturbing adage. We can however see the maxim at work in the case of a recent registration of a Sydney lawyer as a liquidator. The mail crossing…
Shaw Gidley principal Paul Gidley. Rodgers Reidy’s Andrew Barnden. There are few things that should get the pulse racing like consenting to become administrator of a corporation about to be wound up. Knowing there’s a problematic debt, knowing that a hearing’s imminent and knowing not much else about an entity’s affairs must elevate the tension for even the most cocksure practitioner, especially in circumstances where,…