Oceania

Results for Oceania

New Zealand Unit of Topshop Placed in Receivership

The New Zealand arm of British fashion retailer Topshop said on Thursday that it had been placed in receivership, just two years after the brand arrived in the country, the International New York Times reported on a Reuters story. Top Retail Limited, ...

Daily Headline - global.abi.org - 09/07/2017 - 22:56 - 0 comments

CBS to Buy Australian Broadcaster Ten Network

U.S. media company CBS Corp. plans to acquire Australian broadcaster Ten Network Holdings Ltd., beating out a bid from Australian media moguls Bruce Gordon and Lachlan Murdoch for the company after it went into receivership, The Wall Street Journal r ...

Daily Headline - global.abi.org - 08/28/2017 - 22:17 - 0 comments

Paladin Energy Crashes, Files For Insolvency

Paladin Energy, operators of Kayelekela Uranaium Mine in Karonga Malawi and Langer Heinrich in Namibia has filed for insolvency at the Australian high court after the company failed to pay a debt of USD277 million to a France based company called Electri ...

Daily Headline - global.abi.org - 08/21/2017 - 21:40 - 0 comments

Global asset management quarterly

Welcome to the sixth online 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 regul ...

Resource Article - twallace@abiwor... - 07/31/2017 - 13:13 - 0 comments - 0 attachments

Nosh Chain Tipped Into Receivership

Upmarket grocery chain Nosh has been placed in receivership, Companies Office records show. Damien Grant was appointed as a receiver on Friday. Before the receivership, staff were waiting to be paid wages and numerous creditors had ceased supplying the s ...

Daily Headline - global.abi.org - 07/16/2017 - 23:02 - 0 comments

Australia’s Ten Network Future in Doubt as Debt Backers Pull Out

The future of Australia’s Ten Network is in doubt after big shareholders, including Lachlan Murdoch, son of News Corp founder Rupert Murdoch, decided not to back a financial restructuring of the struggling broadcaster, the Financial Times reported. F ...

Daily Headline - global.abi.org - 06/13/2017 - 21:59 - 0 comments

Macquarie Hired to Find Investor for Insolvent SolarWorld

Australian investment bank Macquarie has been hired to find an investor for insolvent German solar panel maker SolarWorld, the company's insolvency administrator said on Thursday, Reuters reported. SolarWorld, once Europe's biggest solar power ...

Daily Headline - global.abi.org - 06/01/2017 - 21:44 - 0 comments

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

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