Opinion Mukhtader Mohammed – the aviation specialist is on the front line in the VA’s negotiations with aircraft lessors. There’s certainly been a bit said about the myriad relationships existing between insolvent aviator Virgin Australia and Deloitte, the big four professional services firm to which Virgin’s four voluntary administrators (VA) belong. The DIRRI lodged by the Deloitte four detailed the extent of the relevant relationships,…
KPMG’s Gayle Dickerson. KPMG’s Ryan Eagle Another day, another judgement detailing the havoc wreaked on the voluntary administrations process (VAs) by COVID-9. In Eagle, in the matter of Techfront Australia Pty Limited (administrators appointed) [2020] FCA 542 Justice Kathleen Farrell provided a conveniently succinct account of the obstacles the virus had placed in the path of KPMG partners Ryan Eagle and Gayle Dickerson, who were…
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…
Cor Cordis partner Alan Walker. When voluntary administrators are appointed almost six weeks after winding up proceedings are commenced, you can guarantee that those seeking a liquidation will consider attacking the appointment as an abuse of process. Such is the situation Cor Cordis couple Alan Walker and Andre Lakomy have found themselves in after accepting an appointment as VAs of CGA (Aust) Pty Ltd on…
KPMG’s Gayle Dickerson. McGrathNicol’s Kathy Sozou. One thing KPMG’s Gayle Dickerson, Tim Mableson and Ryan Eagle did not want as they laboured over McWilliams Wines Group’s (MWG) debt-tainted assets through January and early February was McGrathNicol relieving them of the opportunity to engineer a sale. The KPMG trio were appointed voluntary administrators early in January and are optimistic they can conclude a transaction by July….
McGrathNicol’s Barry Kogan. BDO’s Andrew Sallway. You have to hand it to former Max Brenner Australia voluntary administrator (VA) Barry Kogan and Kogan has to hand it to the company’s current liquidator, Andrew Sallway. At the most recent meeting of creditors of the insolvent confectioner, which has been in liquidation since October 2018, the McGrathNicol partner was on hand to explain to creditors why they…
DW Advisory’s Paul Weston. Worrells’ Simon Cathro. Paul Weston probably knew when he accepted the appointment as voluntary administrator (VA) of the Kiwi-controlled South Pelagic Holdings Pty Ltd (receivers and managers appointed) that his tenure could be brief. By the time lawyer Michael O’Neill brought the referral to the now ex-Pitcher Partners‘ partner in December 2019, receivers were installed and winding up proceedings underway. Weston…
BRI Ferrier’s Geoff Granger. BRI Ferrier’s Geoff Grainger and Brian Silvia have been forced to pay an unindemnified wages bill for as much as $110,000 after they were dumped last year as administrators of Elevate (NSW) Pty Ltd. In meeting Minutes obtained by iNO, Granger told Elevate (NSW)’s creditors on May 17, 2019 that there were no funds in the administration due to funds…
Jirsch Sutherland’s Malcolm Howell. Jirsch Sutherland’s Malcolm Howell must be rueing the relaxed attitude that permeates Australia’s holiday season interlude, given if it were not for an overlooked envelope he might still be administrator of ACN 168 479 614 Pty Ltd, formerly known as Steller Developments Pty Ltd. As it is, the Melbourne-based partner has consented to orders made in the NSW Supreme Court last…
Queensland IP Bill Cotter has been on a wild ride these last few months since being appointed voluntary administrator of Delta Law Pty Ltd, an incorporated legal practice, on August 1. Cotter was first approached on July 16. Referrer James Loel and Delta director Quinton Rozario were interested in discussing a possible appointment as liquidator. In legal proceedings brought by interests seeking to oust Rozario,…