Oceania

Results for Oceania

Lawyers Positive on Insolvency Law Shake-Up

Sweeping reforms to insolvency laws and regulations are set to benefit distressed companies that are attempting to negotiate a sale and avert going into administration, The Australian Financial Review reported. Local lawyers are of the view that draf ...

Daily Headline - global.abi.org - 04/20/2018 - 00:12 - 0 comments

Restructuring & Insolvency

The recent unanimous Victorian Court of Appeal decision in an appeal from Re Amerind has been widely welcomed by insolvency practitioners and others, as it brought some clarity to the question of whether the statutory order of priority applies to trust c ...

Resource Article - twallace@abiwor... - 03/13/2018 - 13:59 - 0 comments - 0 attachments

NZ High Court Places CBL Insurance In Interim Liquidation

New Zealand’s High Court placed insurance firm CBL Insurance Ltd, the main subsidiary of CBL Corporation Ltd, in interim liquidation on Friday after a request from the country’s central bank, Reuters reported. The Reserve Bank of New Zealand regulates th ...

Daily Headline - global.abi.org - 02/25/2018 - 23:01 - 0 comments

Australian Sandalwood Group Quintis Appoints Administrators

Australia’s largest sandalwood forest company, Quintis Ltd, has called in administrators after one of its bondholders forced the firm to pay out A$37 million ($30 million), a spokesman for the administrators, KordaMentha, said on Monday. Quintis has been ...

Daily Headline - global.abi.org - 01/21/2018 - 19:50 - 0 comments

New Zealand Blocks China's HNA Due to Ownership Doubts

New Zealand has blocked HNA Group’s $460 million purchase of a vehicle finance firm owned by Australia and New Zealand Banking Group in the latest in a series of setbacks around the world for the acquisitive Chinese conglomerate, Reuters reported. The pr ...

Daily Headline - abi_admin - 12/22/2017 - 00:36 - 0 comments

Central Banks Find That a Tool to Curb Bubbles Is Doing the Job

Central bankers are starting to see promising results from one of the recent additions to their monetary policy toolbox, Bloomberg News reported. Lending curbs to stem financial risk -- so-called macroprudential limits -- have helped slow risky borrowing ...

Daily Headline - global.abi.org - 12/03/2017 - 19:16 - 0 comments

Australia's Aurizon in Talks to Buy Debt-Saddled Coal Port

Australian coal rail operator Aurizon Holdings said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt, the International New York Times reported on a Reuters story ...

Daily Headline - global.abi.org - 11/14/2017 - 00:20 - 0 comments

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 10:02 - 0 comments - 0 attachments

Global Asset Management Quarterly – issue 7

Welcome to the seventh edition of Global asset management quarterly. This publication highlights key developments that will be of interest to and affect our asset management clients, including market trends and developments in tax and buy-side regulation ...

Resource Article - twallace@abiwor... - 10/26/2017 - 13:57 - 0 comments - 0 attachments

ANZ Bank Full-Year Cash Profit Rises 18% as Bad Debts Fall

reported. Unaudited cash profit, which excludes one-time items, rose to A$6.94 billion ($5.3 billion) in the ... statement Thursday. That compares with the A$6.97 billion median estimate of 13 analysts surveyed by ... items, rose to A$6.94 billion ($5.3 billion) in the 12 months ended Sept. ...

Daily Headline - global.abi.org - 10/25/2017 - 23:41 - 0 comments

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