Oceania

Results for Oceania

Stockbroker BBY Placed In Administration

Mid-tier stockbroker BBY has been placed in administration after the board could not secure enough capital, the firm said in a statement this morning. KPMG has been appointed voluntary administrator and BBY suspended by the ASX as a market participant. F ...

Daily Headline - global.abi.org - 05/17/2015 - 23:05 - 0 comments

Australia Rules Out Fresh Austerity Measures

A year after declaring the days of “borrow and spend” were over for Australia, treasurer Joe Hockey on Tuesday shifted the government’s strategy to boosting the economy by ruling out fresh austerity measures, the Financial Times reported. Delivering ...

Daily Headline - global.abi.org - 05/12/2015 - 20:59 - 0 comments

Australia Promises Crackdown On Corporate Tax Avoidance

The Australian government announced a world-leading crackdown on Monday on alleged tax avoidance by 30 multinational companies that will likely force them to restructure their businesses before next year, the Irish Times reported. “These companies ar ...

Daily Headline - global.abi.org - 05/11/2015 - 22:13 - 0 comments

Western Australia Seizes Bell Group Creditor Pool

The state government of Western Australia has broken widely held conventions with the introduction of legislation to seize and distribute A$1.7bn (US$1.3bn) owed to the remaining creditors of the Bell Group of companies, Reuters reported. A government au ...

Daily Headline - global.abi.org - 05/10/2015 - 22:09 - 0 comments

Australia Walks Budget Tightrope

Australia’s struggling conservative government faces a high-stakes test this week as it prepares to unveil its second budget, The Wall Street Journal reported. Announcing too much austerity on May 12—as the government did last year—could turn off vot ...

Daily Headline - global.abi.org - 05/10/2015 - 22:17 - 0 comments

NZF Enters Voluntary Administration As Reverse Listings Fail

notes listed on the NZX's debt market, and carry an annual interest of 6 percent and last traded in ...

Daily Headline - global.abi.org - 05/07/2015 - 22:43 - 0 comments

Australia Seeks Cure for Its Mining Hangover

In cutting interest rates to a fresh record low of 2.0% Tuesday, Australia’s central bank is hoping to give a jolt to an economy that’s suffering from the end of a decadelong mining boom, The Wall ... (Subscription required.) (Australia) In cutting interest rates to a fresh record low of 2.0 ...

Daily Headline - global.abi.org - 05/05/2015 - 21:53 - 0 comments

Company Connected To Noggi Frozen Yogurt Franchise Chain Collapses Into Voluntary Administration

A company that shares its director with the Noggi Frozen Yogurt chain has entered voluntary administration, SmartCompany.au reported. Stewart Free and Bradd Morelli of Jirsch Sutherland were appointing administrators of SKS Partners on April 9. An invest ...

Daily Headline - global.abi.org - 04/13/2015 - 22:27 - 0 comments

DLA Piper - Global Insight Q1 2015 content for Global INSOLvency.com website

In recent months, the US has seen a staggering increase in the number of retailers, both large and small, filing for bankruptcy. Among others, Dots, Alco Stores, Radio Shack, Deb Shops, Wet Seal, and Delia’s have each filed for bankruptcy protection in t ...

Resource Article - twallace@abiwor... - 04/06/2015 - 10:38 - 0 comments - 0 attachments

Allens Client Update: Octaviar – the perils of procrastination

In brief: In two decisions arising from the Octaviar liquidation, the High Court has given guidance on liquidators' ability to seek extensions of time for bringing voidable transaction claims. The decisions also highlight the risks of such applicati ...

Resource Article - twallace@abiwor... - 04/06/2015 - 10:02 - 0 comments - 0 attachments

Syndicate content