Corporates

Palmer ousts FTI, ponders DoCA

IN the wake of FTI Consulting’s removal as managers of the Yabulu nickel refinery in Queensland yesterday, creditors now face the prospect of the operations once again being controlled solely by Clive Palmer’s nephew. Until last Sunday, James McDonald and Clive Mensink were the directors of Queensland Nickel Sales Pty Ltd (QNS), a company first registered in 1972. However McDonald’s removal was only made official on Tuesday, one day…


Fat finger behind ANZ wind up error

WELL, you wouldn’t have wanted to be a hung over fund manager yesterday morning, logging on to check the portfolio after a big night out. If you had then you might’ve seen that the daily insolvency notices included a listing for the ANZ Bank. Further, the listing showed that the bank was being wound up by the tax office. According to the notice ANZ was subject…


How FTI trumped Hall Chadwick for Yabulu

FTI Consulting might have first been contacted about a VA appointment to Queensland Nickel Pty Ltd (QN) on Sunday January 3 but according to reports in The Australian newspaper, rival firm Hall Chadwick had a team on the ground at QN’s Yabulu nickel refinery in Townsville the following day. The report, published on Thursday January 7, put Hall Chadwick’s Richard Albarran, Jovandeep Singh, Mathew Badcock, and Brent Kijurina at…