Two insolvency firm partners recently resigned their appointments as voluntary administrators (VAs) within days of consenting, but the decision wasn't driven by the engagement of a colleague to produce a solvency report for a separate entity controlled by the VAs' appointor. At least not immediately.
Indeed their DIRRI alluded to their colleague's engagement and sought to assuage any conflict concerns by disclosing that as their appointor hadn't provided their colleague with the materials necessary to produce the solvency report it probably wouldn't be delivered.
Nevertheless the pair were gone in 72 . . .
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