Liquidation of van Eyk won’t halt sales
van Eyk's creditors have voted to liquidate the company, as papers are drawn up for two potential buyers.
While administrator and now liquidator, Trent Hancock, of Moore Stephens, confirmed in a statement that sales contracts would "be exchanged shortly", he could not detail the parties.
However, fellow ratings house Lonsec yesterday confirmed it was "extremely interested" in van Eyk's iRate technology solution.
Again, Lonsec could not detail whether its bid had been successful due to a non-disclosure agreement.
Hancock said the company's liquidation would not affect any sales in negotiation.
He said he would continue to look into the events that led to van Eyk's demise and would be assisting the Australian Securities and Investments Commission and the Financial Markets Authority in New Zealand with their respective investigations.
Recommended for you
The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered.
Rather than taking a controlling approach, the latest generation of overseas private equity deals is helping advice firms to achieve their growth ambitions, three commentators have said.
Private wealth firm Fitzpatricks Group has appointed a newly created head of product, who previously spent 20 years at CFS, to bolster its range of investment options.
The Financial Services and Credit Panel has made a written direction after advice regarding non-concessional contributions meant an individual was forced to withdraw over $330,000 from their super.
