Paul Fordyce is the principal and founder of PMF Legal.
He has worked in commercial law and litigation (with
an emphasis on insolvency) since 1974. He is an Accredited
Specialist in Commercial Litigation
(Insolvency) with the Law Society of New South Wales
and is a Full Member of the Insolvency Practitioners
Association of Australia - recently admitted as such
when solicitors became eligible for full membership
of this body for the first time. His membership was
granted based on recognition of his standing in the
Paul has considerable commercial experience which
gives him a far greater understanding of what commercial
clients need and expect when seeking legal assistance.
Paul has worked with some of the leading practitioners
in insolvency including Warren Madgwick and Peter Somerset
(his partner for 22 years). His work experience has
included acting for and against liquidators and receivers,
including in the major accounting firms. His insolvency
experience includes working in voluntary administrations,
creditors' voluntary liquidations, court liquidations
and receiverships. He acts both for and against insolvency
practitioners. In acting against insolvency practitioners
he has acted for creditors and debtors of failed companies
and directors (including people who the law regards
as being directors) of failed companies.
His extensive experience in corporate insolvency has
allowed him to work with insolvency issues as an expert
so that he is able to bring a great deal of imaginative
problem solving to this very complex area of the law.
This has resulted in the uncovering of major defects
in the Corporate Law area which have necessitated amendments
to the Corporations legislation to overcome serious
problems. He has been able to bring solutions and find
ways ahead for clients who had seemed to have no options
available to them to overcome the problems they faced.
He has appeared personally in many cases without counsel
- which has enabled the problem at hand to be addressed
by the person who was given instructions in the matter
and who was conscious of all of the issues at stake
rather than having to engage counsel who could not
be as thoroughly across the problems.
He has specialist experience in a range of industries
including magazine editing and publishing, importation,
distribution and retail businesses.
Additionally, Paul has turned his expertise and leadership
to the development and maintenance of Australia's largest
database on corporate insolvency information. Located
at www.insolvencynotices.com the site is always current,
being updated 6 days a week - including public holidays.
His experience has included acting on the purchase
and sale of businesses, working on multi-million dollar
tenders for Commonwealth government contracts and for
publicly listed private companies. At times this has
also involved being involved in major commercial litigation
including cases against the Commonwealth of Australia,
major banks and other financial institutions and large
corporations. One of the leading cases that Paul was
involved in against the Commonwealth of Australia in
1997 resulted in a thorough review being undertaken
by the Commonwealth of its tendering procedures. This
has resulted in much fairer and more transparently
conducted tendering procedures.
. International Bar Association (IBA).
. The Commercial Law Association of Australia)
. International Federation of Insolvency Practitioners (INSOL)
. Law Society of New South Wales
. Insolvency Practitioner's Association of Australia (IPAA)
. International Women's Insolvency & Restructuring Confederation (IWIRC)