Richard Albarran.
A certain liquidator might be indulging a few spoonfuls of the guilty relish Germans call schadenfreude, if as iNO imagines, he has learned that the liquidator pursuing our delighter in the discomfort of others is in turn being sued by his former practice partners.
To understand this tale however we must go back to 2020, approximately a year after Worldwide Specialty Property Services Pty Ltd (WSPS) had been deregistered following a winding up that had taken five years.
As it turned out, the directors of WSPS were none too pleased with certain aspects of the conduct of the liquidation, specifically what they allege was a failure by the former liquidator to take possession of and realise what the directors claim were patents and other intellectual property registered in the US worth almost $20 million.
Shortly after the company was deregistered the directors commenced proceedings against the former appointee, Sydney liquidator Greg Parker.
Then in 2020 they had the company reinstated and installed Hall Chadwick partner David Ingram as liquidator.
Since his appointment Ingram and the directors have slowly squeezed Parker in pursuit of declarations in the Federal Court that he contravened sections 180 and 181 of the Corporations Act and breached his duties to WSPS and its creditors.
Parker of course has been resisting all the way but the mater is inching toward a trial, probably this year barring any settlement.
Parker though can at least take some comfort from the commencement in late 2022 of proceedings initiated by Richard Albarran trading as the Hall Chadwick partnership which name Ingram as the defendant.
The matter, which is in its infancy, came before a NSW Supreme Court Registrar yesterday for directions where it was heard that Albarran and Co are suing Ingram for damages.
What damage Ingram is alleged to have inflicted on his former colleagues was not articulated but for Parker, the knowledge that his nemesis is being force fed his own fecal sandwich must be a welcome sweetener.
Further reading:
Be the first to comment on "National insolvency practice sues ex-partner"