VA’s & DoCA’s

Onterran illustrates insolvency’s small small world

Onterran director Lachlan McIntosh. Clout & Associates’ Trish Talty. You’d hope it’s not too often that old colleagues in the insolvency game are reunited by an event of insolvency but that is what has happened in the case of listed property developer Onterran. On March 11, 2019 Onterran announced that its directors had placed the company into the hands of voluntary administrators, namely Trish Talty…

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McGrathNicol does a KordaMentha on RCR Tomlinson

While reading the declaration of independence, relevant relationships and indemnities (DIRRI) filed by the four McGrathNicol partners appointed voluntary administrators (VAs) of RCR Tomlinson Ltd last week, INO was gripped with a sense of deja vu. The DIRRI provides significant detail on McGrathNicol’s pre-appointment involvement with the failed engineering firm, much like the supplementary DIRRI KordaMentha lodged on June 22, 2017, a week after its initial disclosures in respect of extensive…