SPL

FTI’s nickel backers in Palmer’s sites

iNO Opinion FEG Recovery Unit Director Henry Carr. Vannin Asia Pacific head Tom McDonald. It would’ve been either touchingly naive or perilously optimistic to think the $110 million Clive Palmer agreed to pay to Queensland Nickel (QN) special purpose liquidator earlier this month would strip any heat from the ongoing litigation. In iNO’s opinion, the eye watering settlement Steve Parbery extracted might inspire Palmer to…

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KordaMentha SPAs a $130 million strategy play

KordaMentha’s Robert Hutson KordaMentha’s Scott Langdon There might be more than a degree of strategising behind the appointment of KordaMentha’s Scott Langdon and Robert Hutson as special purpose administrators (SPAs) of Northern Energy Corporation (NEC) and Colton Coal (CC). Both companies are subsidiaries of ASX-listed New Hope Corporation and details of the appointment and the circumstances leading up to it are contained in the recent…