ISG Management Pty Ltd (In Liquidation) (ISGM) is a workforce management company that has held contracts with Telstra, Foxtel and NBN Co amongst others. ISGM is a subsidiary of Tandem Corporation.
In November 2018, Shine Lawyers filed a class action against ISGM on behalf of telecommunication workers who, between 2011 and 18 June 2020, may have suffered financial losses working for ISGM (including under what may have been described as sub-contracting arrangements), in particular loss of employment entitlements.
IMPORTANT UPDATE TO GROUP MEMBERS
On 1 July 2021, ISGM, its parent company, Tandem Corporation and a number of related companies were placed into voluntary administration by their directors. Arising from the administration, on 7 July 2021, the Federal Court of Australia ordered that the present court orders, for the preparation of the hearing of the case, be suspended.
On 29 July 2021, the administrators released their report to creditors. The report sets out the results of the administrators’ investigations into the affairs of ISGM, and the options available to creditors of ISGM. A copy of the report is attached or can be accessed via the website https://www.mcgrathnicol.com/creditors/tandem-group/.
On 5 August 2021, the administrators held the second meeting of creditors. At the meeting, a vote of creditors took place, resulting in the relevant companies, including ISGM being placed into liquidation (meaning its assets will be ‘realised’ for the benefit of creditors and the company will be ‘wound up’). Matthew Caddy and Keith Crawford of McGrathNicol were voted to be appointed as Joint and Several Liquidators.
What this means for ISGM Group Members
If you are a Group Member of this class action, you are considered a creditor and have the opportunity to submit your claim to the liquidators for consideration in the distribution of any payments the liquidators may determine to make.
In order to have your claim considered by ISGM’s liquidators, you must submit a Proof of Debt to substantiate your claim. By submitting a Proof of Debt, you will make your claim known to the liquidator, and become entitled to receive information and updates, including reports about the affairs of the company, the progress of the liquidation and the options available to creditors.
Offer of assistance to prepare and lodge Group Members’ Proofs of Debt
If you would like to have your claim against ISGM considered by the liquidator, a Proof of Debt form must be lodged.
Shine Lawyers can represent you in the liquidation process. Should you wish to engage Shine Lawyers for assistance, you are invited to register via the ‘Register Now’ button below.