A law unto himself: How a lawyer was left free to steal $1.5 million from clients – The Age

The solicitor in this story, John James Kotsifas of Northcote law firm J Kotsifas & Associates, is in no way professionally related to Melbourne solicitor John Andrew Kotsifas of JK Legal Barristers and Solicitors.  John Kotsifas appeared to be a typical suburban lawyer, grinding away his hours handling wills and conveyancing in a small office above a Northcote massage parlour.  Photo: Vince…

Construction Firms in Queensland Most at Risk of Insolvency – The Urban Developer

Over 30 Queensland-based construction companies have collapsed in 2017, and nearly 450 more are at high to severe risk of failure in the next 12 months, according to insolvency group SV Partners. Insolvency group SV Partners has released its findings in Augusts Commercial Risk Outlook Report. The report analyses industries and regions within Australia where incorporated operating businesses are predicted to…

Insolvency professionals face threats, draw staff ire while evaluating plans for debt-laden companies – Economic Times

MUMBAI:On a Friday afternoon this month, Milind Kothari looked at his WhatsApp message with a furrowed brow. The India head of BDO, a leading professional services firm, had received a message from his turnaround and business support partner, Sundaresh Bhat, who had just taken over ABG Shipyard as interim resolution professional (IRP) on an order…

Jaypee buyers move Supreme Court against insolvency proceedings – Hindustan Times

Aggrieved flat-buyers who have invested in Jaypee Infratechs projects have challenged the insolvency proceedings against the company in the National Company Law Tribunal (NCLT) before the Supreme Court. Buyers have expressed concern that the case would leave them in a lurch and remediless to either get a house or compensation from the company. A bench…