Oceania

Results for Oceania

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

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

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