SPL's getting big bucks to freeze assets.

FEG all in on QNI spend as SPLs look to freeze assets

Judging by the most recent accounts and statement of Queensland Nickel’s special purpose liquidators (SPLs), Henry Carr will authorise hefty expenditures if he thinks the odds favour a result. Between December 2016 and March 2017  the Fair Entitlements Guarantee (FEG) Scheme recovery czar okayed the transfer of about $2.53 million from the coffers of the Federal Department of Employment’s (DoE) to PPB Advisory’s Steve Parbery and Michael Owen who were appointed as…

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Detail to bedevil insolvency practitioners in the wake of Sakr Nominees pay claim.

SAKR: Demand for detail to bedevil future fee claims

The process may have been akin to pulling teeth with an auditor present but liquidator Cliff Sanderson has at last obtained court approval for his final fees in the painful winding up of Sakr Nominees. NSW Supreme Court Justice Ashley Black on Monday ruled in favour of Sanderson’s claim for an additional $63,577.80c in fees including GST for the period from November 3 2014 to November…