VA’s & DoCA’s

Worrells pair face hefty costs with no recourse

Worrells’ Dominic Cantone. Worrells’ Nick Cooper. Worrells’ duo Dominic Cantone and Nick Cooper could shortly be calling their professional indemnity insurer after a Federal Court judge on Monday proposed making orders requiring them to pay costs minus the usual right of indemnification. In Adelaide Brighton Cement Limited, in the matter of Concrete Supply Pty Ltd v Concrete Supply Pty Ltd (Subject to Deed of Company…

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Globetrotting engines a problem for Virgin VAs

Deloitte’s Sal Algeri. Images published this week of Virgin planes barricaded behind vehicles at Perth Airport are a reminder that the arrival of insolvency practitioners at the table doesn’t mean every player will surrender their chips. As iNO has been learning, huge, hard-to-house shaped planes are a pain to possess.  When it comes to ransoming aviation assets, the jet engines routinely removed for maintenance and…