Liquidations

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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Judge endorses SVP pairs’ view about dodgy DoCA

It’s not often that an administrator’s assessment of a deed of company arrangement (DoCA) is sufficiently bleak for them to recommend creditors ignore the DoCA’s promise and put the company into liquidation. Nor is quite the norm for the creditors to ignore the administrators’ recommendation and wholeheartedly endorse the dubious and doubtful deed. That however is what transpired in the curious matter of Syndicate Forty…