In a recent decision, the Federal Court of Appeal found that administrators were in a position of apprehended or perceived lack of independence or impartiality in accepting an appointment that was referred to them by a regular referrer of work. The decision has serious implications for insolvency practitioners, given that referral relationships are commonplace and a major source of work.
In a recent preference recovery against the Commissioner of Taxation, we successfully procured settlement in favour of the company for approximately $3.5 million.
Cornwall Stodart is pleased to announce the promotion of various employees, effective 1 July 2014: Dean Katz to Partner; Jane O’Brien and Jenny Gearing to Senior Associate; and Meng Lee and Nick Amore to Associate.
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