Insolvency reform: How liquidator Stuart Ariff put focus on creditors’ rights – The Australian Financial Review

It is serendipity that the final suite of insolvency reforms largely inspired by the misconduct of disgraced liquidator Stuart Ariff will be introduced the same month Ariff finishes his parole, after serving a jail sentence on 19 counts of criminal fraud. ASIC Commissioner John Price sees the various reforms, including increased powers to the regulator,…

Diamonds and rust – Mumbai Mirror

By Ajit Joshi Prominent Mumbai-based diamond firms in deep trouble, owe hundreds of crores to banks and lenders. News of two leading companies going belly-up has sent jitters down Mumbais diamond bourse. While a consortium of banks declared one of them bankrupt, the other has filed a voluntary petition under Chapter 11 of the United…

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…