PPB Advisory pair succeed in Palmer asset freeze

This is fresh out of the Supreme Court of Queensland, courtesy of Justice John Bond. “Parbery v QNI Metals Pty Ltd [2018] QSC 107 Summary of judgment This summary is not a substitute for the published reasons for judgment of the Supreme Court of Queensland. Nor may it be used in any later consideration of those reasons. The only authoritative pronouncement of the Court’s reasons…

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Bankruptcy

Witness the redemptive power of personal insolvency

Stigma shmigma. Who said bankruptcy permanently stained a person with the irredeemable taint of debtor’s shame? SiN has come across a practitioner whose experience more than validates the redemptive power of personal insolvency. Last week Jirsch Sutherland announced that business director Rebecca Hindson had been appointed manager of the firm’s new Wollongong office. In a press release dated August 16 we learn that Hindson – an Illawarra local –…

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Litigation

Neolido fraud: Leigh paid $100k to secured creditor

Court documents obtained by Sydney Insolvency News reveal that ex-PPB Advisory (PPBA) partner David Leigh paid $100,000 to a secured creditor out of a total $800,000 PPBA alleges he fraudulently misappropriated from the liquidation account of Neolido Holdings. According to an application for freezing orders filed by lawyers for PPBA last week, Leigh was questioned about the missing monies on Tuesday February 22 by PPBA Queensland…

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