Bentleys’ Tracey Knight. Liquidator Jim Downey Craig Walton, a key figure in one of the most controversial corporate restructures of recent times, has declared bankruptcy a week before the commencement of a trial brought by liquidators chasing the 63 year old for a $1.65 million debt. A search of the National Personal Insolvency Index reveals Craig Hall Walton, unemployed of East Melbourne, declared himself bankrupt…
Worrells’ Dan Cvitanovic Worrells’ Nick Malanos. There’s heat aplenty being generated in the administration of Boka Beverages Pty Ltd, with a creditor successfully appointing special purpose liquidators (SPLs) but failing in its bid to force the general purpose incumbents to pay the costs of that SPL application personally. In Melhelm Pty Ltd, in the matter of Boka Beverages Pty Ltd (in liquidation) v Boka Beverages…
BPS Recovery’s Mitchell Ball. dVT’s Suelen McCallum. When a judge tells your barrister that their arguments invoke “medieval philosophy” it’s a good bet that you’re going to be disappointed. So it was when a group of individuals turned up in the NSW Supreme Court yesterday seeking to have special purpose liquidators (SPL) appointed to Bluemine Pty Ltd. The applicants arrived with consents from dVT Group’s…
PCI Partner’s John Melluish. KordaMentha’s Rahul Goyal. KordaMentha’s Rahul Goyal and Jennifer Nettleton are encountering stiff resistance to their application for orders approving payment of around $400,000 in fees generated from work they’ve performed as special purpose liquidators (SPLs) of ACN 154 520 199 Pty Ltd, formerly named ABC Refinery Pty Ltd. In the Federal Court on Wednesday barrister Steven Golledge told the court that…
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…
Menzies Advisory’s Michael Caspaney Those construction industry insolvencies seem to have particularly restive committees of inspection (COIs) and it may be that the Walton Construction entities in liquidation fall into this category given the judgment handed down last week. In the matter of Williams & Kersten Pty Ltd ACN 141 894 724 & Anor v Walton Construction (QLD) Pty Ltd (In Liquidation) ACN 100 833…
dVT’s Suelen McCallum. Identifying who will ultimately act as expert solvency witness for Clive Palmer in his defence of claims brought by Queensland Nickel’s (QN) general and special purpose liquidators is turning out to be less straightforward than iNO originally assumed. After reporting last week that Pitcher Partners’ Perth chief Bryan Hughes had been named in the Queensland Supreme Court as Palmer’s preferred nominee to…
Jirsch Sutherland partner Trent Devine. Jirsch Sutherland managing partner Bradd Morelli. The liquidators of FW Projects will be feeling mighty relieved after a judge yesterday threw out an application seeking to replace the Jirsch Sutherland duo on the basis of bias. In dismissing the application of builder Hindmarsh Construction Australia (HCA) NSW Supreme Court Judge Ashley Black found In the matter of FW Projects Pty…
McGrathNicol Partner Kathy Sozou. Image McGrathNicol. Arguments about who should administer the liquidation of FW Projects Pty Ltd concluded yesterday and it appears that McGrathNicol is front runner to replace Jirsch Sutherland should NSW Supreme Court Justice Ashley Black favour the plaintiff in this costly imbroglio. Last week INO reported that SV Partners’ Ian Purchas had provided the plaintiff, Hindmarsh Construction Australia (HCA), with a consent to…
McGrathNicol’s Rob Brauer. McGrathNicol’s Rob Kirman. The two Robs, Messrs Kirman and Brauer have been served some work from the Forge Group liquidation courtesy of KPMG’s takeover of Ferrier Hodgson. Last week in the Supreme Court of West Australia, orders were made appointing the McGrathNicol pair special purpose liquidators (SPLs). Those orders were made on the application of Martin Jones and Wayne Rushton, Forge’s general…