VA’s & DoCA’s

VA still valid when solvency verdict’s not

Pitcher Partners WA chief Bryan Hughes. The Supreme Court of West Australia has ruled that an appointment of an administrator is still valid even if not all the directors of the insolvent entity could have made a determination about solvency at the time. The ruling was made in Bryan Kevin Hughes as joint and several liquidators of Traditional Therapy Clinics Limited (In liq) [2019] WASC…

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VAs acquiesce to fee cut after liquidator objects

Cor Cordis partners Ozem Kassem and Jason Tang have had the fees they generated as administrators of Attack Engineering Pty Ltd lopped following objections by Steve Nicols, who replaced them when the company was wound up. Kassem and Tang were appointed administrators of the Coffs Harbour-based firm on August 29, 2017 after receiving a referral from Shine Lawyers’ James Hulbert. That appointment followed winding up proceedings initiated by the Australian…