Big four accounting firm Ernst & Young was approached by Arrium in December 2015 to assist in modelling a voluntary administration scenario of the steel maker as part of a negotiating tactic to convince its banks to take a haircut on debt owed.
Former Arrium CFO Robert Bakewell faced a grilling over the collapse of the steel maker. Sasha Woolley
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
