Somerset Ryckmans acted for Adam Shepard who was liquidator of three companies whereby Mr Shepard had sought to recover some $4.1 million from the former sole director and shareholder, comprising some $2.1 million paid by those companies to him and a further $2 million in director’s loans which he owed the companies.

At the final hearing, the firm was successful in obtaining orders against the director that he should be required to repay to the liquidator the sum of each of the voidable transactions, with interest, running from the dates which the director received the payments.

Tom O’Brien was counsel, instructed by Nicholas Fasullo.

Link to the judgment is here:

In the matter of Pulse Interactive Pty Limited (in liquidation) [2019] NSWSC 22

In the matter of Pulse Interactive Pty Limited (in liquidation) [2019] NSWSC 22