PE – #SVVoidables by Matthew Hudson

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July 9, 2018PE, Public Commentary

Mensink and his infamous non-PE

Clive Mensink yesterday failed in his bid to set aside multiple arrest warrants, for not attending the public examinations into the failed QLD Nickel venture and for being in contempt of court. Readers may remember in June 2016 Mr Mensink left Australia, some 1 month after the special purpose liquidators (“SPL”) were appointed to QLD Nickel. In…

July 2, 2018PE, Voidable Transactions

You can still be PE’d, despite the insolvent trading proceedings

Eddie and others are being sued for alleged insolvent trading in the Federal Court (“FC”). The liquidators also want to publicly examine him and others in the Supreme Court (“SC”). Eddie’s not happy. The liquidators argue that the public examination is required because they do not know whether Eddie has sufficient assets to meet the insolvent…

June 29, 2018PE, Voidable Transactions

Creditors can even access PE documents

Various lenders and creditors of Arrium have recently won the right to access the public examination (“PE”) documents of the directors, key management personnel and advisers of Arrium. When Arrium collapsed into Voluntary Administration in April 2016, it owed more than $4 billion to various classes of creditors and employees. As you can imagine, this has…