Receivership

BDO duo served afresh in $50 mill Suncorp claim

While the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has yet to identify insolvency practitioners (IP) it wants hauled in for questioning, it’s likely some will be checking their professional indemnity policies to ensure they’re up to date. At the moment the Commission is looking at the excesses indulged in by the banks’ lending divisions. Soon that focus will switch…

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Colourful cast no barrier to embattled liquidator

David Iannuzzi might be vigorously defending legal action launched in the Federal Court by the Commissioner of Taxation (CoT) but the stress of fighting off a bid to ban him for 10 years hasn’t stopped the Veritas Advisory principal accepting appointments even when they’re linked to a who’s who of the colourful and the controversial. Last month Iannuzzi accepted an appointment as receiver over Goorigubba Pty Ltd, which has…