PPRuNe Forums - View Single Post - The 2 Marks about to pull the pin on AN administration.
Old 8th Apr 2002, 08:26
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THE ORACLE
 
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Regarding impact on Hazo's and Kendell if the Andersen administration of AN collapses.

There would be no impact on Hazo's. From the beginning, Hazo's has been administered by Sims Lockwood Pty. Ltd. and regardless of what you read in th papers or in any other forum, the AN administration has had no effect on HAZO's because of the totally separate administration. In fact, Sims Lockwood is sueing Arthur Andersen (on behalf of Hazo's) for alleged incorrect distribution of funds from the original ANZ payout.

Kendell, however, is a very different story. It is being managed directly by Andersen as one of the few AN entities still trading (along with the Simulator centre and aspects of AN engineering). Presumably if Ansersens full-out, Kendell would be impacted.

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