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Virgin – VA’s rivals riled and claiming conflicts

Deloitte’s Vaughan Strawbridge. KordaMentha’s Mark Korda. As significant a news story as Deloitte’s appointment as voluntary administrators (VAs) of Virgin Australia Group is, it pales beside the unsubstantiated scuttlebutt upon which iNO routinely latches like a vengeful lamprey with a surfeit of monarchs. Simply put, the mail going around is that KordaMentha co-founder Mark Korda is less than impressed at being overlooked for this historic…

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Why ASIC’s gunning for Victorian liquidator

ASIC’s pursuit of a Federal Court inquiry into Ross McDermott is focussed on determining whether the Victorian insolvency practitioner (IP) faithfully fulfilled his obligations in terms of his duties and entitlements across 26 companies. However apart from listing the 26 companies across four schedules ASIC’s originating process doesn’t give much away. The inquiry sought falls under under Sections 536 and 477 of the Corporations Act…

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