The dispute around control of Rushcutters Bay eatery Bar M – formerly known as Bar Machiavelli Pty Ltd – has Hurst Recovery’s David Hurst in court urgently seeking to unwind transactions that could ultimately see him liable to pay a costs order for at least $60k and other as yet unallocated costs. At the same time, those who referred him the job – restaurateur Paola Toppi and…
A stoush with the Commissioner of Police, employing one’s referrer, having to include the terms of that employment in a supplementary DIRRI – United Security Enterprises Pty Ltd has plenty for administrators Shumit Banerjee and Jason Porter to sink their teeth into. The SV Partners pair were appointed VAs back on August 31 after being contacted by the company’s accountant Jai Menon. If that surname looks familiar…
Hall Chadwick’s aspirations to administer deeds of company arrangement (DoCAs) over the Majella group have been incinerated, with the creditors most critically burned by the property group’s implosion pairing up to vote down resolutions that would’ve seen a meeting adjourned so as to allow time for the issues impeding the DoCAs to be removed. Instead, Glenn Shannon, Richard Albarran and David Ingram must content themselves with…
Final submissions in the long running dispute between shareholders of Carzapp commenced yesterday and among the questions NSW Supreme Court judge Francoise Kunc will need to rule on is whether the August 3, 2017 appointment of dVT’s Dave Solomons and Antony Resnick as administrators of various entities within the Carzapp group was for an improper purpose. Carzapp’s director shareholders have been at loggerheads since last year when…
The Commonwealth’s FEG Recovery Unit has won an important skirmish in its dispute with One Corporate Trust Services (OCTS), the appointors of McGrathNicol as receivers of Australian Road Express Pty Ltd (ARX) and Jolly’s Transport Services Pty Ltd. On Monday, the Federal Court published the September 17, 2018 decision of Justice Mark Moshinsky dismissing OCTS’ application to have FEG’s cross-claim in this complex game of PPSR fanagling struck out. The…
Creditors of the Majella group of companies headed by accused fraudster Seb Monsour have received the recommendation from administrators Hall Chadwick that they accept the deed of company arrangement (DoCA) being proposed by the 44 year-old brother-in-law of ex-Queensland Premier Campbell Newman, but this DoCA has some singular and substantial hurdles. On the surface the most significant obstacle would appear to be asset freezing orders obtained earlier…
Behind the tawdry excitement stoked by tales of escorts and a suspicious fire is the far more intriguing story of how three Hall Chadwick partners came to be appointed voluntary administrators (VAs) of two Majella Group (MG) entities connected to developer Seb Monsour, the controversial brother-in-law of former premier Campbell Newman. Mansour had been planning to develop the heritage-listed Broadway Hotel in the Brisbane suburb of Wooloongabba but he…
We would have thought that if something INO wrote forced a pair of registered liquidators to relinquish an appointment as voluntary administrators (VAs) then that would potentially be beneficial for creditors but according to Hall Chadwick’s Brent Kijurina not so. As INO reported last week in Hall Chadwick’s Validus DIRRI Heavy On Referrer Detail, Kijurina and colleague Richard Albarran recently lodged a lengthy Declaration of Independence, Relevant…
It’s with a sense of deja vu that INO embarks upon this tale, not least because there’s a link between many of the characters and those we featured in Hall Chadwick’s Validus DIRRI Heavy On Referrer Detail, published on Wednesday. Back on May 11, 2018 one of the directors of ASX-listed Capital Mining Limited called Hall Chadwick’s Richard Albarran to arrange a meeting. There must’ve been a fair degree…
Hall Chadwick’s Richard Albarran and Brent Kijurina have lodged a detailed and informative declaration of independence, indemnities and relevant relationships (DIRRI) after accepting an appointment as administrators of Validus Advisory Group. The detail was necessary to explain why there was no unmanageable conflicts given that Hall Chadwick’s Blair Pleash and Kathleen Vouris had previously been administrators of a deed of company arrangement (DoCA) executed by…