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$1 business deal ripped apart two rich ‘brothers’ Rodric David and Charif Kazal

Icon December 26, 2011 – 12:00 pm

THE lapping turquoise waters of the Cayman Islands are half a world away from Sydney’s Eastern Creek waste disposal site.
But the millionaire’s playground in the Caribbean has become the setting for a bitter dispute between men from two of Australia’s richest families: Rodric David, whose dad is former grocery magnate John David, and Charif Kazal, [...]


Statement by Mr Andrew Kelly regarding the ICAC investigation findings

Icon December 18, 2011 – 9:00 am

The Independent Commission Against Corruption delivered its report on 16 December in which it found no evidence that Mr Andrew Kelly’s actions were influenced by his UAE trips in any subsequent dealings with the Kazal family when dealing with their leases at the Sydney Harbour Foreshore Authority (SHFA).
Whilst the [...]


Somerset Ryckmans appears for former Sydney Harbour Foreshore Authority (SHFA) officer

Icon August 3, 2011 – 12:53 am

Somerset Ryckmans appears for former Sydney Harbour Foreshore Authority (SHFA) officer in relation to the Independent Commission Against Corruption (ICAC) inquiry into alleged corrupt conduct concerning properties which were owned by SHFA at 91, 99, 100 and 135 George Street, The Rocks, and leased by SHFA to members of the Kazal family (Operation Vesta).
Read more…


Former Sydney Harbour Foreshore Authority (SHFA) employee seeks damages from Fairfax

Icon December 23, 2010 – 9:43 pm

Today defamation proceedings have been commenced against Fairfax Media Publications, publisher of the Sydney Morning Herald (SMH), over a series of media reports which appeared in September this year.
Mr Andrew Kelly, a former senior employee of the Sydney Harbour Foreshore Authority, has commenced defamation proceedings against Fairfax Media Publications and Fairfax Digital today in the Supreme Court of New South Wales, represented by Somerset Ryckmans Lawyers. [...]


Fighting for a share of the purse by Matt O’Sullivan

Icon March 29, 2010 – 12:03 pm

A bantamweight boxer is about to be pitted against the heavyweight Macquarie Group.
In a David-and-Goliath battle, a former Macquarie proprietary trader, Maghnus Byrne, is suing the big doughnut for $750,000 in damages he reckons he suffered when the bank withheld his profit-share bonus after his contract was ”terminated”.
The case in the NSW Supreme Court threatens [...]


The pooling of assets in a winding up: An examination of the decision in the Black Stump case by Marc Ryckmans

Icon January 5, 2005 – 10:00 am

The recent decision of the Supreme Court in Tayeh; Re Black Stump Enterprises Ltd [2005] NSWSC 475, affirmed on appeal Re Black Stump Enterprises Ltd [2005] NSWCA 480, has once again highlighted the very real need for legislative reform to permit liquidators in appropriate cases to pool the assets of insolvent group companies.
The plaintiffs were [...]


Are administrators liable as shadow directors? by Marc Ryckmans

Icon September 1, 2002 – 11:35 pm

The law surrounding shadow directorship and the operation of the professional adviser exemption remains in a state of flux. In the recent case of Hill v David Hill Electrical Discounts Pty Ltd (2001) 37 ACSR 617, the Supreme Court, Equity Division, speculated that an administrator of a deed of company arrangement might be a shadow [...]