Australia

Mr Daniel Farook Ali and the “Daniel Ali Scheme” – Receiver and Manager Appointed

Appointed by the Court on the application of the Australian Securities and Investments Commission to act as Receiver and Manager of the assets of DanFX Trade Pty Ltd and associated entities and as Receiver of the property of an individual involved in operating an unlicensed and unregistered managed investment scheme, which had raised approximately $13 million from more than 200 investors. Apart from taking control of the available assets, we were required to undertake investigations to identify how the investors’ funds were utilised and submit a report to the Court. We were subsequently appointed as Receiver of the Daniel Ali Scheme and as liquidator of the three companies in the scheme and as Receiver of the property of Mr Ali.

Pacific Services Group – Receiver and Manager and Agent

Appointed to Pacific Services Group, one of Australia’s leading electrical and communications providers and switchboard manufacturers which had outstanding debts of $10 million owing to its secured creditor. We were appointed both as Receiver and Manager to the companies in the group and as agent to collect the debtor book on behalf of the financier who owned the debtor book.

Receiverships Experience​ Specialists

Latest insights from our Restructuring & Insolvency team

Business distress indicators and how to identify them
19 May 2022 | Minutes to read: 5

Business distress indicators and how to identify them

When it comes to assessing business distress and a company’s insolvency risk, there are two approaches: the...
Thousands of Director Penalty Notices issued in ATO debt collection activities
13 April 2022 | Minutes to read: 2

Thousands of Director Penalty Notices issued in ATO debt collection activities

Following a relatively quiet period during the COVID-19 pandemic, the Australian Taxation Office (ATO) has resumed its...
Are you ready to apply for your Director Identification Number?
6 April 2022 | Minutes to read: 2

Are you ready to apply for your Director Identification Number?

Effective 1 November 2021, all directors of registered bodies are required to obtain a Director Identification Number...
Exit smart by using a solvent winding up
23 March 2022 | Minutes to read: 4

Exit smart by using a solvent winding up

When a company’s life cycle has run its course and the corporate entity is no longer required,...
Canberra to consult on the treatment of corporate trusts under insolvency law
24 November 2021 | Minutes to read: 2

Canberra to consult on the treatment of corporate trusts under insolvency law

Australia’s current insolvency law does not clearly address the treatment of corporate trusts which are commonly used...
Directors beware – or face potential criminal charges and ASIC banning orders
11 November 2021 | Minutes to read: 3

Directors beware – or face potential criminal charges and ASIC banning orders

In a strong warning to company directors over the past four weeks, Australia’s corporate watchdog has issued...

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Be Informed

Be Informed is William Buck's regular newsletter, filled with up to date news and relevant advice for individuals and businesses.

Get in touch!