Voidable Transactions

Solvency reports key in KPMG’s $3.5 mill BBY claim

PCI Partner’s John Melluish. PCI Partners’ John Melluish might soon find himself burning the midnight oil, if such an archaism can still be deployed to describe working long hours, after accepting an 11th hour engagement to prepare solvency reports for tennis legend Ken Rosewall. The octogenarian one time grass court maestro is attempting to fend off efforts to recover almost $3.5 million in payments received…

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McKenna ousted by court after resisting creditors

A resolution put to a meeting of creditors by an owners corporation seeking the removal of Henry McKenna as liquidator of Iris Diversified Property Pty Ltd has been confirmed by the NSW Supreme Court this week. On Tuesday, June 6, 218 Justice Ashley Black ordered that the soon-to-be ex-Jirsch Sutherland partner be replaced by O’Brien Palmer’s Chris Palmer and Liam Bailey and that the incoming appointees’ costs by…