Results for Oceania
- Dunedin Sawmill In Receivership
A sawmill company with about 400 employees and about $100 million in annual sales has been placed in receivership, Stuff.co.nz reported. Brendan Gibson and Michael Stiassny, of KordaMentha, were this afternoon appointed as receivers of Dunedin-headquarte ...
Daily Headline - global.abi.org - 03/03/2014 - 22:47 - 0 comments
- CGT liability for receivers and liquidators
Insight issued regarding a ruling handed down on CGT liability for receivers and liquidators. Attachment Size hdy_insight_cgt_liability_25_feb14.pdf 411.45 KB (Australia, Europe, Oceania, United Kingdom ...
Resource Article - twallace@abiwor... - 03/06/2014 - 15:25 - 0 comments - 1 attachment
- Lombard Case Dropped - $10 Million Settlement Reached
The Financial Markets Authority has dropped civil proceedings against four Lombard directors as the failed finance company's receivers have reached a $10 million settlement with the men, their insurers and an unnamed "third party", The N ...
Daily Headline - global.abi.org - 02/23/2014 - 23:20 - 0 comments
- NAB Falls as Bank Signals Higher U.K. Provisions
National Australia Bank Ltd. (NAB) fell in Sydney trading after flagging a possible increase in provisions at its British operations, overshadowing a 7 percent increase in first-quarter profit, Bloomberg News reported. Shares of Australia’s biggest bank ...
Daily Headline - global.abi.org - 02/20/2014 - 23:39 - 0 comments
- US court refused Chapter 15 recognition of an Australian insolvency
Mayer Brown note and the actual opinion. Attachment Size drawbridge_-_mayer_brown_note.pdf 154.55 KB drawbridge_opinion.pdf 386.62 KB cap15-drawbridgespecialopportunities.pdf 59.26 KB ...
Resource Article - twallace@abiwor... - 03/06/2014 - 12:38 - 0 comments - 3 attachments
- Australian Unemployment Jumps to 10-Year High
three weeks. The jobless rate rose to 6 percent from 5.8 percent, the statistics bureau said in Sydney. ... weeks. The jobless rate rose to 6 percent from 5.8 percent, the statistics bureau said in Sydney. ...
Daily Headline - global.abi.org - 02/12/2014 - 23:30 - 0 comments
- Forge In Voluntary Administration
Insolvency firm Ferrier Hodgson has been appointed as voluntary administrator by the board of bankrupt contractor Forge Group, sources close to the situation told The Australian Financial Review's Street Talk. The next step is that lender ANZ Ba ...
Daily Headline - global.abi.org - 02/11/2014 - 23:27 - 0 comments
- Lead Creditor ANZ Offloads Debt From Collapsed Tasmanian Timber Company Gunns
The ANZ bank has sold about $200 million of debt owed to it by failed Tasmanian timber company Gunns, The West Australian reported. The bank was the lead creditor when Gunns collapsed in 2012. ANZ says it is no longer part of the Gunns banking syndic ...
Daily Headline - global.abi.org - 01/29/2014 - 23:25 - 0 comments
- Australia Sets Higher Capital Buffer for Four Biggest Banks
Australia’s four largest banks will need to carry an extra 1 percent of core tier 1 capital from Jan. 1, 2016, due to their systemically important status, according to the country’s banking regulator, Bloomberg News reported yesterday. Australia & Ne ...
Daily Headline - abi_admin - 12/24/2013 - 10:29 - 0 comments
- Ross Asset Liquidators Look To Claw Back $3.8 Million Paid Out To Three Investors
The liquidators for the Ross Asset Management group of companies found to be a Ponzi scheme are in talks with three former investors over about $3.8 million of payments they received in the two years leading up to the group's eventual collapse last ...
Daily Headline - global.abi.org - 12/19/2013 - 23:33 - 0 comments