Oceania

Results for Oceania

Court Decision On Insolvency Victory For The Little Guy

Small business owners, particularly in the construction industry, should be breathing a sigh of relief this week. The Supreme Court has delivered a decision which upholds their rights to keep payments made by companies which subsequently go into liquidat ...

Daily Headline - global.abi.org - 02/19/2015 - 21:41 - 0 comments

Distressed debt M&A – share transfers without a scheme

In brief: The Supreme Court of New South Wales has given further guidance on the scope of its power to grant leave to a deed administrator to compulsorily transfer the shares of a company. The decision, in the matter of Nexus Energy Ltd (subject to deed ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:54 - 0 comments - 0 attachments

Fashion Heavyweight Josh Goot Collapses Into Voluntary Administration

High-profile fashion designer Josh Goot has placed his eponymous label in voluntary administration in a bid to withstand the “well-documented difficult trading conditions in the fashion industry”. Michael Smith and Peter Hillig of Smith Hancock were appo ...

Daily Headline - global.abi.org - 02/04/2015 - 21:49 - 0 comments

Paid International Collapses Into Voluntary Administration

Former Smart50 finalist Paid International has entered voluntary administration, just months after the online finance provider agreed to refund $1.128 million to customers who were charged excessive loan fees, SmartCompany.au reported. Ian Francis and Jo ...

Daily Headline - global.abi.org - 01/26/2015 - 22:11 - 0 comments

A greater yield: Attracting investment into Australian agribusiness

Australia is currently discussing what reforms are required to attract investment into the agribusiness sector. However, one voice has been largely missing from this discussion: offshore and domestic financial investors. To help rectify this, Allens ...

Resource Article - abi_admin - 01/21/2015 - 11:12 - 0 comments - 0 attachments

Debt Agreements Up But Overall Insolvency Numbers Down

revealed, The Adviser reported. There were 6,888 personal insolvency incidents in the December 2014 ... bankruptcies to 4,179 and a 10.0 per cent decline in personal insolvency agreements to 54. Personal insolvency ... Adviser reported. There were 6,888 personal insolvency incidents in the December 2014 quarter, according ...

Daily Headline - global.abi.org - 01/13/2015 - 00:42 - 0 comments

Australia’s Resources Slowdown Hits Regional Airlines

While Australia’s commodities boom was running hot, it wasn’t only mining companies that benefited from the billions of dollars in investment pouring into the country. Airlines got a boost, too, The Wall Street Journal reported. That has changed as s ...

Daily Headline - global.abi.org - 01/11/2015 - 19:53 - 0 comments

Administrators Appointed To Troubled Cairns-Based Skytrans

Troubled regional carrier Skytrans has been put in voluntary administration as company executives seek to find work for laid off staff, The Courier Mail reported. illiam Fletcher and Tracy Lee Knight of Brisbane-based Bentleys Chartered Accountants h ...

Daily Headline - global.abi.org - 01/06/2015 - 20:25 - 0 comments

Financially Troubled Pie Face Has Been Reheated After A Deal With Creditors

Pie Face, the fast food franchise placed in voluntary administration last month, looks set to survive following a deal struck with creditors at a meeting in Sydney, Business Insider reported. Fairfax Media reports that suppliers who are unsecured cre ...

Daily Headline - global.abi.org - 12/30/2014 - 22:00 - 0 comments

Australia’s West Humbled by Iron-Ore Slump

A drop in iron-ore prices has humbled resource-rich Western Australia, and turned a part of Perth where mining companies are based into something of a ghost town as offices lie empty, The Wall Street Journal reported. With its mineral abundance, the ...

Daily Headline - global.abi.org - 12/29/2014 - 22:31 - 0 comments

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