Hall Chadwick’s Richard Lawrence. JP Downey & Co’s Jim Downey. Hall Chadwick’s Richard Albarran and Richard Lawrence will be fuming after they were dumped this week by creditors of Bluechain Pty Ltd in favour of JP Downey & Co’s Jim Downey. Up until Tuesday the Hall Chadwick pair had been in the driver’s seat. They were appointed provisional liquidators of Bluechain in February following an…
JP Downey & Co’s Jim Downey. Hall Chadwick’s Richard Lawrence. Richard Lawrence and Richard Albarran have failed in a bid to deny creditors an opportunity to vote to replace them at a first meeting, with a Victorian Supreme Court judge on Wednesday ordering the Hall Chadwick partners to reconvene the first meeting of Bluechain Pty Ltd within seven days. In Re Bluechain Pty Ltd (No…
JP Downey & Co’s Jim Downey. Hall Chadwick’s Richard Lawrence. A funny thing happened last week. Whoever chaired the first meeting of creditors of Bluechain Pty Ltd adjourned it without creditors voting on the usual resolutions in respect of whether or not to form a committee of inspection and retain or replace the administrators. Inquiries directed to Bluechain’s incumbent appointees did not elicit a reply….
Worrells Con Kokkinos. Worrells Matthew Kucianski. The recent judgment of Victorian Judicial Registrar Ian Irving in EAD Concepts Pty Ltd (admin apptd) [2021] VSC 227 (28 April 2021) makes for instructive reading in respect of the court’s views on winding up versus voluntary administration (VA), and there’s entertaining detail around IP rivalry prompting iNO to wonder which Melbourne-based IPs haven’t had a drink out Melbourne…
McGrathNicol’s Barry Kogan. McGrathNicol’s Jonathan Henry You wouldn’t have known it these last few months but the screening of programs on Australia’s peak multicultural and multilingual television broadcaster has been hanging by a thread whose integrity has been maintained by the continuing efforts of Barry Kogan, Jon Henry and their team at McGrathNicol, the assiduous application of S 447A in the courts and an $850,000…
Hall Chadwick’s Richard Albarran. Hall Chadwick’s Richard Lawrence. Hall Chadwick’s Richard Albarran and Richard Lawrence have had to settle for a more than usually restrained role as administrators after Victorian Supreme Court Judge Jim Delany restrained them from conducting any tender or sale process of the assets of Bluechain Pty Ltd. Albarran and Lawrence were appointed provisional liquidators of the company in February following an…
McGrathNicol’s Anthony Connelly. Incoming SPL Daniel Cvitanovic. The sale of the assets of Battery Mineral Resources Limited (BMR) in late 2019 by Anthony Connelly and Jamie Harris looks set to be scrutinised by a special purpose liquidator (SPL) after a court heard that the McGrathNicol duo – who are currently BMR’s incumbent liquidators – aren’t inclined to object. That means that conditional on the court…
KPMG’s Morgan Kelly. Helm Advisory founder Stephen Hathway. The arbitrary powers of the NSW Independent Liquor & Gaming Authority (ILGA) have been on overt display these past few weeks in the curious case of the Sydney Portugal Community Club Ltd (Club). iNO readers may recall how we revealed last month that Helm Advisory’s Stephen Hathway and Phil Hosking had to resign appointments as voluntary administrators…
Grocon administrator Craig Shepard KordaMentha partner Craig Shepard was forced to adjourn the second meeting of the Grocon Administration Groups (Grocon) yesterday after the ATO proposed a compromise to assuage recalcitrant creditors pushing for a 45 day hiatus. Ahead of the meeting Shepard and his co-administrators Andrew Knight and Mark Korda had been adamant in their recommendation that the deed of company arrangement (DoCA) being…
Helm Advisory founder Stephen Hathway. Helm Advisory’s Phil Hosking. Helm Advisory duo Stephen Hathway and Phil Hosking have resigned as administrators of The Sydney Portugal Community Club Ltd a day after being appointed thanks to their appointors overlooking the requirements of section 41 of the Registered Clubs Act 1976. The Helm pair accepted the appointment on March 15 and resigned immediately after learning that the…