Oceania

Results for Oceania

Property Ventures Liquidator Alleges PwC Helped Firm Skirt Insolvency

PwC advised Property Ventures (PVL) on ways to continue trading when by some accounts it was insolvent while at the same time giving David Henderson's failed property development company a clean bill of health as statutory auditor, the liquidators a ...

Daily Headline - global.abi.org - 05/10/2017 - 20:05 - 0 comments

Ranking and Priority of Creditors

After the first two Volumes on Commencement of Insolvency Proceedings (2012) and the Treatment of Contracts in Insolvency (2013), Ranking and Priority of Creditors is the third Volume of the Oxford University Press’ International and Comparative Insolven ...

Resource Article - twallace@abiwor... - 04/25/2017 - 10:55 - 0 comments - 1 attachment

CLIENT UPDATE: IPSO FACTO CLAUSES, SAFE HARBOUR FOR DIRECTORS – OUR COMMENTS ON THE DRAFT EXPOSURE LEGISLATION

Australian insolvency law has two features which are widely recognised as making it harder to save and restructure businesses in financial difficulty. Voluntary administration is a formal mechanism designed to assist in reconstruction. But if a company e ...

Resource Article - twallace@abiwor... - 04/25/2017 - 10:47 - 0 comments - 0 attachments

Is hourly billing for liquidators back?

In brief: The NSW Court of Appeal has recently considered the basis on which liquidators' 'reasonable remuneration' should be determined. Partner Chris Prestwich (view CV), Senior Associate Przemek Kucharski and Lawyer Kane Kersaitis repor ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:20 - 0 comments - 0 attachments

More Money Recovered from Alleged Ponzi Scheme

Liquidators have recovered a further $35,000 from clients who go more money out than they put into an alleged Ponzi scheme. A Christchurch forex firm, which traded as BlackfortFX, has been in receivership since May 2015 after the Financial Markets Author ...

Daily Headline - global.abi.org - 02/23/2017 - 22:37 - 0 comments

Number of NZX-Listed Companies to Shrink

The number of companies listed on the New Zealand sharemarket will continue to shrink this year, according a forecast on the capital markets. Law firm Chapman Tripp has released a trends and insights report on New Zealand's Equity Markets and is pre ...

Daily Headline - global.abi.org - 02/16/2017 - 22:34 - 0 comments

E-Storage Updater 4th Edition

In this 4th edition of the E-Storage Updater, our global team looks back on 2016, plus technology and regulatory news highlights for the last quarter. Click here for more. (Australia, Costa Rica, United Kingdom) bankruptcy,insolvency,head ...

Resource Article - twallace@abiwor... - 02/14/2017 - 15:08 - 0 comments - 0 attachments

Arbitration in Australia

Dylan McKimmie, a partner in our Perth office, discusses the impact of recent amendments to the Australian International Arbitration Act and judicial decisions which make the framework for arbitration in Australia more pro-enforcement. Click here for ...

Resource Article - twallace@abiwor... - 02/08/2017 - 13:52 - 0 comments - 0 attachments

Cracks Are Appearing in Australia’s Trillion-Dollar Debt Pile

The Reserve Bank of Australia frequently seeks feedback on the health of the economy. It might want to call the debt counselors soon. Homeowners, consumers and property investors around Australia are making more calls to financial helplines as three warn ...

Daily Headline - global.abi.org - 02/07/2017 - 22:32 - 0 comments

Macquarie Said Planning Split, Not Strip, for U.K. Green Bank

U.K. Green Investment Bank Plc, the state lender put up for sale by the government, will be dramatically restructured if it’s sold to Macquarie Group Ltd., according to two people familiar with the matter, Bloomberg News reported. Australian bank Macquar ...

Daily Headline - global.abi.org - 01/26/2017 - 22:30 - 0 comments

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