Receivership

ANZ Receivers required to recall examinable affairs

Given this is largely about booze and what happened to it, recollections could be cloudy. Nevertheless, PwC’s David Merryweather and Greg Hall will need to summon all their prodigious powers of recall now that the Federal Court has empowered a special purpose liquidator (SPL) to delve into their conduct during August 2013, a time when ownership of the liquid assets of David James‘ teetering beverage empire was apparently unclear. This…

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Trust assets question determined in IP's favour

Cor Cordis pair score big on trust assets

The Federal Court has a delivered a wide ranging judgment on the disposal of trust assets by liquidators and receiver/managers that will have the Department of Employment’s FEG recovery unit abuzz as it prepares its appeal to the decision of Amerind Pty Ltd (receivers and managers apptd) (in liq) [2017] VSC 127 (23 March 2017). In Kite v Mooney, in the matter of Mooney’s Contractors Pty…