Duke case parties regroup

Article Abstract:

The South Australian Supreme Court absolved from liability the non-Perth partners of Nelson Wheeler, but the Perth partners are facing about $135 million in damages and the Duke Group about $200 million. Perth defendants need to show exceptional circumstances to avoid immediate payments of $100 million plus. Duke liquidator John Sheahan expects the full judgment amount and may take the case to High Court to increase the insurance pool by involving the interstate partners again in liability.

Australia, Cases, Economic policy, South Australia, Australia. Supreme Court, Nelson Wheeler, Duke Group Ltd.

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Arthur Andersen faces a future competing with its offspring

Article Abstract:

An auditing and accounting group within accountancy Arthur Anderson will seek arbitration in an attempt to split from the parent company. The dispute concerns claims that Arthur Anderson aggressively pursued consulting services in violation of a 1989 agreement which states that the company shall only offer accounting services. A split is not expected to hurt Arthur Andersen's market position, but the accounting unit may incur monetary penalties.

Planning, Arthur Andersen & Co. (New York, New York)

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Forensics: cheques, lies, videotape and nappies

Article Abstract:

Natasha Playne, a partner in RGL International, combines a happy family life with a career in the specialist area of forensic accounting. The RGL office in Sydney, which does no tax or audit work, has seven staff and increased its fee income to March 1999 by 43%. Playne's forensic accounting office tackles mostly loss-of-profit claims. Playne says that a forensic accountant must be part detective, part-psychologist, and part-counselor.

New South Wales, All Other Legal Services, Legal Services NEC, Statistical Data Included, Management, Practice, Behavior, Legal services, Forensic accounting, RGL International, Playne, Natasha

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