Deals & Departures

Veritas Advisory on the move

Veritas on the move after Orca Property play

After almost a decade domiciled at 88 Pitt Street, Veritas Advisory principal David Iannuzzi is moving out, though the new digs could hardly be located in more familiar surrounds given he and his team are moving across the road to Angel Place. Level 12, 88 Pitt used to be owned by the late Murray Godfrey of RMG Partners. Godfrey and Iannuzzi formed Veritas Advisory in 2013 and…


Dinoris launches Artemis Insolvency

Peter Dinoris, who in October ended a lengthy tenure with Vincents on what are believed to be less than amicable terms, has launched his own practice. The new outfit is called Artemis Insolvency and while it’s understood that one member of Artemis has been poached from the former firm, all Dinoris’s anonymous PR man would say about staffing is that: “He currently has a team…


Iannuzzi arouses ire ahead of MK liquidation

Veritas Advisory principal David Iannuzzi has upset some of the now former staff of the MK Floors group such that they’ve reportedly fired off a letter to the corporate regulator and ARITA questioning his independence. SiN’s already reported on MK Floors and Iannuzzi’s appointment at: Veritas And CBA Content With Constantinidis but that was before last Wednesday when approximately 40 staff were sacked and responsibility for their entitlements shunted…


Grant Thornton counts losses in Arrium aftermath

Social media platforms provide an excellent means by which one can keep track of an insolvency practitioner’s career. Who after all isn’t eager to announce their arrival at a new organisation, particularly if clients haven’t acknowledged the email notifying them of the mobile careerists’s changed circumstances that was sent prior to departing the old firm? And what better or more convenient way to declare one’s…


Dinoris talks ignore elephant in the office

Liquidator Peter Dinoris may have parted ways somewhat abruptly with Vincents Chartered Accountants but salvation in the form of a new role is potentially a mere seven floors down from Vincents’ Level 34 HQ in the Santos Place complex on Brisbane’s Turbot Street. Whilst processing dross from the insolvency silts earlier this week, SiN learned that the out-of-work Queenslander was considering re-establishing himself under the banner of…


Dinoris and Vincents part company

Perhaps it’s a coincidence but in the wake of the findings of Federal Court Judge John Reeves, Peter Dinoris and Vincents Chartered Accountants have parted company. The registered liquidator and doyenne of Brisbane’s Orthodox Greek community told SiN this week he tended his resignation on October 4. He declined to be drawn on why his 15 years with Vincents had come to what seems an abrupt…


Vannin deal came after creditors refused FTI

Until the afternoon of September 5, Queensland Nickel’s (QN) general purpose liquidators (GPLs) – John Park, Kelly-Anne Trenfield, Stefan Dopking and Quentin Olde – were stuffed. The FTI four had no money to pursue claims they’d identified as GPLs and no money to cover the liabilities they’d incurred operating the Yabulu Nickel Refinery as QN’s voluntary administrators (VAs). In addition, indemnities provided by the refinery’s controller Clive Palmer prior to…


Comment: Flock of DoCAs to enable Arrium deal

Korda Mentha and its legal advisors will need all their combined knowledge and skill when designing the framework for the flock of Deeds of Company Arrangement (DoCAs) needed to facilitate Arrium Mining and Materials’ eventual sale. Whilst secrecy around the pre-sale process is tighter than that shrouding the Australian submarine contract, SiN hears some details released to registered interests have found their way to a major masthead….


Arrium administrators axe Edler

You know a voluntary administration (VA) is progressing – hopefully in the direction intended – when the company secretary is no longer needed. At least that’s how Arrium’s VAs from Korda Mentha are spinning the departure of Mark Edler, with a spokesman confirming yesterday that there is: “No need to replace (the company secretary) at this stage of the process …. the sales campaign is…


Campbell drawn back to Deloitte days

Reconstruction guru Chris Campbell is being forced to revisit his past as a partner at Deloitte thanks to the bullish determination of creditor denied Garry Hopper (pictured), who on Monday returned for another crack via the Supreme Court of Appeal. The ex-MF Global Australia (MFGA) trader has been waging a legal battle against Campbell and his former Deloitte colleagues David Lombe and Vaughan Strawbridge since October…