Oceania

Results for Oceania

Insolvency Practitioners Face New Licensing Regime

New Zealand's insolvency practitioners look likely to face a new licensing regime after a report to Commerce Minister Paul Goldsmith found that gaps in existing rules enable dishonesty and incompetence, The New Zealand Herald reported. The publi ...

Daily Headline - global.abi.org - 08/25/2016 - 23:57 - 0 comments

Mater Private’s €300 Million Debt Refinancing Led By Macquarie

The owners of the Mater Private hospital, who recently pulled a sale of the business for the second time in 14 months, have secured a €300 million refinancing deal led by Australian bank Macquarie. The Sydney-based bank’s Macquarie Lending unit in London ...

Daily Headline - global.abi.org - 08/22/2016 - 19:41 - 0 comments

Woolworths Tipped To Report Heavy Loss On Back Of Restructuring, Masters Exit

When Woolworths reports its full-year results on Thursday, expect to see a loss of about $1 billion, analysts say, after restructuring costs and its exit from the disastrous Masters hardware business, The Sydney Morning Herald reported. Credit Suisse ...

Daily Headline - global.abi.org - 08/22/2016 - 06:19 - 0 comments

Global Miner BHP Billiton Slumps To Record Loss

BHP Billiton reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on ... charges, underlying profit slumped 81 per cent to $1.2 billion for the year to June 2016 from $6.4 billion ... billion. Read more. (Australia) BHP Billiton reported a record $6.4 billion annual loss on ...

Daily Headline - global.abi.org - 08/16/2016 - 22:41 - 0 comments

ATO And ASIC Raid 13 Properties Linked To “Pre-Insolvency” Firms Allegedly Encouraging Phoenix Activity

The Australian Tax Office and the Australian Securities and Investments Commission have conducted raids on 13 businesses and residences across the country in a bid to crack down on “pre-insolvency” firms that advise clients on how to avoid tax, SmartComp ...

Daily Headline - global.abi.org - 08/14/2016 - 17:02 - 0 comments

Deloitte Under Microscope As Dick Smith Goes Into Liquidation

McGrathNicol could go after Dick Smith auditor Deloitte for potential breach of accounting standards after it was appointed as the liquidator of the collapsed electronic retailer, the Financial Review reported. UTS accounting professor Peter Wells sa ...

Daily Headline - global.abi.org - 07/25/2016 - 22:13 - 0 comments

Creditors Vote To Put Woosh Wireless Into Liquidation

Woosh Wireless' creditors, thought to be owed almost $13 million, have voted to put the troubled internet provider into liquidation, The New Zealand Herald reported. The business was founded in 1999 and has burned through more than $100 million ...

Daily Headline - global.abi.org - 07/05/2016 - 23:04 - 0 comments

Australian Election Losers Could Include Triple-A Rating

Australia could lose its rare triple-A credit rating after a tight general election raised questions about the next government’s ability to curb spending and bring down debt, The Wall Street Journal reported. The election remains too close to call, b ...

Daily Headline - global.abi.org - 07/04/2016 - 22:49 - 0 comments

Defending unfair preference claims: set-off and security revisited

In brief: A recent Federal Court decision has highlighted two grounds on which creditors should consider defending unfair preference claims which are brought by liquidators. Partner Chris Prestwich (view CV) and Lawyer Tim Chiang look at a case that deal ...

Resource Article - twallace@abiwor... - 06/28/2016 - 15:28 - 0 comments - 0 attachments

International arbitration report

Welcome to issue 6 of Norton Rose Fulbright’s International arbitration report. In this issue, we provide an overview of the investment provisions of the Trans-Pacific Partnership, including its dispute settlement mechanisms, and discuss the early days of the Hague Convention on Choice of ...

Resource Article - twallace@abiwor... - 06/28/2016 - 15:23 - 0 comments - 0 attachments

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