Oceania

Results for Oceania

Landcorp Result 'Disappointing', But It's No Solid Energy

State owned enterprise minister Todd McClay says Landcorp won't turn a profit for "the next few years" and is again foreshadowing land sales, Stuff.co.nz reported. Record low dairy prices saw profits plunge by $25m, Landcorp said Thursday. ...

Daily Headline - global.abi.org - 08/27/2015 - 21:40 - 0 comments

Power Down: WA Electrical Contractor Collapses Into Voluntary Administration

A Western Australian electrical contractor that has been operating for more than 30 years and supplied machinery for mining in the Pilbara region has collapsed into voluntary administration, SmartCompany.com.au reported. Cape Range Electrical Contractors ...

Daily Headline - global.abi.org - 08/25/2015 - 21:32 - 0 comments

Genesis Energy Uses Solid Energy Administration To Cancel Major Contract

Genesis Energy will cancel its coal supply agreement with Solid Energy from October using a clause triggered by the coal mining company's voluntary administration, Stuff.co.nz reported. The move is a blow for the country's largest coal miner, S ...

Daily Headline - global.abi.org - 08/19/2015 - 22:34 - 0 comments

NZ State-Owned Coal Miner Put Into Administration

New Zealand's debt-laden state-owned coal mining company Solid Energy Ltd was put into administration on Thursday to ward off its creditors as it looks to organise a sale of assets. The government refused to pump in any more money to support the com ...

Daily Headline - global.abi.org - 08/17/2015 - 17:43 - 0 comments

NZ State-Owned Coal Miner Put Into Administration

New Zealand's debt-laden state-owned coal mining company Solid Energy Ltd was put into administration on Thursday to ward off its creditors as it looks to organise a sale of assets. The government refused to pump in any more money to support the com ...

Daily Headline - global.abi.org - 08/13/2015 - 22:06 - 0 comments

Solid Energy Announces Voluntary Administration

Solid Energy has confirmed it is going into voluntary administration, Stuff.co.nz reported. The state-owned coal company met staff at various sites including the West Coast, Southland and Waikato on Thursday morning, before confirming the news to media i ...

Daily Headline - global.abi.org - 08/12/2015 - 20:44 - 0 comments

First Rise In Bankruptcies Since 2009

The number of people going bankrupt has ticked up for the first time since 2009 when fallout from the global financial crisis reached its peak, The New Zealand Herald reported. Figures from the Insolvency and Trustee Services show 1979 people went ba ...

Daily Headline - global.abi.org - 07/26/2015 - 21:23 - 0 comments

Union Calls For Insolvency Inquiry To Visit Adelaide After Tagara Builders' Collapse

An inquiry into insolvency in the construction industry should visit Adelaide to listen to the experience of the building industry in the wake of the collapse of Tagara Builders, according to a union official, ABC News reported. Tagara had about $70 mill ...

Daily Headline - global.abi.org - 07/13/2015 - 20:54 - 0 comments

National Guarantee Fund To Lift Its Game After BBY Collapse

The National Guarantee Fund, a compensation vehicle for investors, has admitted it does not currently have the resources to handle a jump in claims from the collapse of BBY, and is seeking to rectify the situation, The Sydney Morning Herald reported. ...

Daily Headline - global.abi.org - 07/08/2015 - 18:20 - 0 comments

Cross-Border: Can a Bankrupt's Pension be used to Pay Creditors? The Search for Clarity in New Zealand and the UK

How does the objective of achieving payment for creditors in insolvency interact with the objectives of pension legislation, which seeks to ensure that individuals are adequately provided for in retirement? The courts in New Zealand and in the UK have ea ...

Resource Article - abi_admin - 07/03/2015 - 09:32 - 0 comments - 0 attachments

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