Restaurateur Daniel Zeidan, behind Melbourne venues including the Grace Darling Hotel, Lazerpig Pizza Parlour and Strange Wolf basement bar, has been banned from managing companies for four years.
The Australian Securities and Investments Commission issued a statement on Monday advising that Mr Zeidan had been disqualified because of his involvement in the failure of three companies.
The Grace Darling Hotel.Credit:Joe Armao
Creditors were left $2.3 million out of pocket, ASIC said. They included the Australian Taxation Office, which was owed more than $1.35 million.
Three hospitality companies Mr Zeidan served as director of – 5 Ships at Sea (trading as the Grace Darling), The Umpire Strikes Back (trading as Lazerpig), and 4 Ships at Sea (trading as the now-closed Strange Wolf) – went into liquidation between August 2018 and December 2019.
The Grace Darling, in Smith Street, Collingwood, and Lazerpig, also in Smith Street, continue to trade under new ownership structures.
ASIC based the disqualification on allegations that Mr Zeidan may have continued to trade while insolvent; failed to exercise his powers and discharge his duties with the degree of care and diligence required of a reasonable director; gained an advantage for himself or someone else; and failed to understand his duties as director.
Maurice Manno, who was Mr Zeidan’s business partner for more than a decade, and continues to run the Grace Darling, declined to comment.
The Grace Darling is Melbourne’s second-oldest pub. It was built in 1854 and is one of the few remaining Goldrush-era pubs left in the city.
The Age was unable to reach Mr Zeidan for comment. He is disqualified from managing corporations until July 2025.
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