June 2016

BRI Ferrier replaced after appointment imbroglio

Geoff Grainger and Brian Silvia are licking their wounds after fumbling an appointment that’s seen the BRI Ferrier pair ditched in favour of Sule Arnautovic and Andrew Spring from Jirsch Sutherland. The awkward detail is contained in the judgement of Federal Court Justice Jayne Jagot, who heard an application from Grainger and Silvia seeking an order to validate their appointment as voluntary administrators of A.C.N….


Jirsch keeps presses running for Shorten

Less than 24 hours after being appointed liquidator to a printing business in the heart of Tony Abbott’s seat of Warringah, Jirsch Sutherland’s Amanda Young found herself with a problem. It was Saturday morning, June 18 when the power went down at the Roller Poster Company. Everything that required electricity at the company’s rented premises in Brookvale stopped. Including the roller door. But Young, who’d…


liquidator

FTI gather for vivid account of Queensland Nickel

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…


No Breretonisms as Black approves preferential

Jirsch Sutherland’s Glenn Crisp and Renee Di Carlo must be relieved. NSW Supreme Court Judge Ashley Black has approved their application to distribute a preferential payment to a funding creditor without uttering a single Breretonism about their pay. Quite the contrary in fact. As liquidator of Waterfront Investments Group, Crisp wanted to pay creditor Owners Strata Plan 80454 (OSP) a $50,750.98 preferential payment and made application…


Lindholm’s hot potato appointments

John Lindholm is not a name one associates with controversy. A few years short of Ferrier Hodgson’s compulsory retirement age, the Melbourne office’s straight-talking chief has a sound record. But circumstance thrusts contention upon unlikely bearers and Lindholm is currently dallying with unwelcome publicity thanks to his role as administrator of failed vocational education group Australian Careers Network (ACN) Group; his trading of Showgirls Bar…


’tis better to FEG, than to receiver

If any insolvency practitioner remains uncertain as to the intentions of the Department of Employment’s (DoE) Active Creditor Unit (ACU), contemplate the plight of dVT Group’s Riad Tayeh, whose role as receiver of Delnote Constructions has recently been the subject of public examinations in the NSW Supreme Court. Tayeh and dVT colleague David Solomons were appointed receivers of the commercial concreter in November 2014. The appointor was Hermes…