FTI gather for vivid account of Queensland Nickel

liquidatorJohn Park's account of being liquidator of Queensland Nickel improves with repetition
John.Park.Screenshot 2016-01-29 11.51.10

Queensland Nickel liquidator John Park.

The Quayside Room atop the Museum of Contemporary Art was abuzz last night as various FTI Consulting bigwigs, staff and clients gathered to hear Australian restructuring chief John Park discuss the peculiarities associated with being liquidator of Queensland Nickel.

Regrettably Park’s talk – largely the same as the one he gave at the ARITA National Conference last month – was delivered according to the infernal Chatham House Rule. No details can be divulged. No sense of what it’s like dealing with the Yabulu Refinery’s owner, Clive Palmer. While the event was billed as: “Queensland Nickel: The Story behind the headlines”, SiN can decently report not a damn word.

So we glowered through the evening, chatting with various FTI personnel and the odd banker and visiting our frustrations upon a succession of coconut crusted prawns and grilled chicken, ubiquitously skewered. While Sydney’s Vivid festival flared in the night outside, Park slayed ’em in the aisles with anecdotes about an appointment he described as unlike anything he’s experienced in 24 years.

Among the attentive throng SiN noted FTI’s Asia Pacific chairman Rod Sutton, Perth restructuring boss Andrew Bantock and Sydney Mining club chairman Julian Malnic hanging on every, unreportable word.

About the Author

Peter Gosnell
Insolvency News Online illuminates the practice of insolvency Australia-wide, highlighting the triumphs and travails of the nation’s registered practitioners and the accounting and legal professionals who work with them. INO is produced by Peter Gosnell, former business editor and senior business reporter at The Daily Telegraph newspaper. During a decade-long career, your correspondent reported on such notable corporate collapses as HIH, One.Tel, Westpoint and Fincorp as well as some of the nation's highest profile bankruptcies and the investigations and prosecutions arising from Australia's most notorious instances of white-collar crime.

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