Deals & Departures

Exit plan awry after judge dismisses entirety of liquidator's case

Judge unconvinced by SA liquidator’s exit plan

The demolition of the liquidator’s exit plan could not have been more sweeping or complete. In 500 plus paragraphs delivered on Monday, Justice Greg Parker of the Supreme Court of South Australia dismissed every argument of Adelaide liquidator Nick Orfanos in a battle commenced a decade ago. Orfanos, accountant Michael Michaels and Willem (Bill) Ouwens, who as well as being an accountant is the Honorary Consul for the…

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Patinack Farm sold by liquidators for $25 million.

Liquidators offload Tinkler’s Patinack assets

He might be banned from managing corporations and bankrupt to boot but Nathan Tinkler can still rely on his mate Gerry Harvey to agree to a round of golf, thanks in part perhaps to the efforts of Deloitte restructuring guru Neil Cussen. Cussen revealed yesterday that he and colleague David Mansfield had sold the last property holdings attaching to Tinkler’s former horse breeding and agistment business Patinack…