Jirsch Sutherland Appointed Administrator Of Sydney Art Gallery Smith & Hall

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11th October 2010, 04:02pm - Views: 1643





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11 October 2010


Jirsch Sutherland appointed as voluntary administrator of

Smith & Hall


Specialist insolvency, turnaround management and forensic accounting firm Jirsch

Sutherland has been appointed as Administrator of Smith & Hall and associated

companies*. Smith & Hall was a Sydney-based art gallery which offered art storage,

investment and art rental services. 


Jirsch Sutherland Partner, Sule Arnautovic,was appointed as Administrator on

Thursday, 7 October 2010. The appointment was made by the company’s sole

director, Cameron Hunter Hall.


According to Mr Arnautovic there over 500 creditors and investors affected. The first

meetings of creditors of Smith & Hall and associated companies will take place at

9am on Tuesday, 19 October 2010 at the CTA Business Club, MLC Centre, Martin

Place Sydney. 


Smith & Hall had a number of arms to its business, but in the first few days of

the administration Mr Arnautovic's investigations have revealed that a number

of investors may have suffered as a consequence of the companies’ actions.

It is by no means clear who owns many of the artworks the companies have in

its possession and Mr Arnautovic has stressed the importance of gathering as

much information as possible to assist him in unravelling the companies’

affairs.

 

Anyone who has any information about the businesses or who believes they

may have a claim against the companies should contact the administrator’s

office as soon as possible to assist them in working things out.

 

Formerly Galleries Direct, Smith & Hall was established in 2004. Smith & Hall

specialised in selling both Indigenous and non-indigenous Australian art.


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*International Art Holdings Pty Ltd, GD Rentals Pty Ltd, Hunter Capital Pty Ltd,

Hunter Holdings (Australia) Pty Ltd, Smith & Hall Art Advisory Pty Ltd, Smith & Hall

Holdings Pty Ltd.



Established in 1984 with its HQ in Sydney, Jirsch Sutherland is a specialist

insolvency, turnaround management and forensic accounting firm.  Jirsch Sutherland

services accounting, legal and finance firms as well as organisations across all

industry sectors.  The firm conducts business in a fair and ethical way and have a

reputation for delivering results that work for all concerned 



For further information or to speak with Sule Arnautovic:

Lisa Llewellyn






Llewellyn Communications




m: 0419 401 362



e: lisa@llewcom.com.au








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