Restructuring And Insolvency 2

Scott Barker, partner at Buddle Findlay, was interviewed by the NBR on 'The botched infant formula, the convicted lawyer and the invasive liquidators'.  The directors of an inoperative infant formula company are being chased by liquidators for $775,000, among them is a lawyer who was once convicted for compromising a Serious Fraud Office investigation.  A judge has ruled the liquidators were not legally entitled to probe his personal financial accounts to see if he was worth pursuing.  Scott agrees with the judge's decision to reject the bid by liquidators and believes "the application was misconceived and the liquidators were overreaching and asking for personal information of that nature".  He says that the "focus has to be on the business accounts and affairs of the company and the application goes well beyond that in seeking personal financial information in relation to a director."

Listen to the full interview below.