VA’s & DoCA’s

“Holding DoCA” foe wins special leave: High Court

Those practitioners considering a holding DoCa would be advised to consider the decision this morning of the High Court of Australia to grant special leave in the matter of Mighty River International Limited V Hughes & Ors. The Hughes in this matter is Pitcher Partners’ Bryan Hughes, who along with colleague Daniel Bredenkamp has been battling Mighty River’s director, Australian-Chinese businessman Yuzheng “Eugene” Xie over the Mesa Minerals deed of…

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McCann fends of CRCG-Rimfire VA challenge

Grant Thornton’s Mike McCann and Said Jahani could be in for a wild ride as voluntary administrators (VAs) of failed construction outfit, CRCG-Rimfire Pty Limited after the pair on Monday survived an attempt by creditor activist group Subbies United to replace them with its preferred practitioner, Michael Caspaney of Menzies Advisory. Last night McCann rejected claims from creditors who attended that he had told the first meeting…