Oceania

Results for Oceania

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 - 21:37 - 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 - 21:34 - 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 - 14:08 - 0 comments - 0 attachments

Arbitration in Australia

Dylan McKimmie, a partner in our Perth office, discusses the impact of recent amendments to the Australian International Arbitration Act and judicial decisions which make the framework for arbitration in Australia more pro-enforcement. Click here for ...

Resource Article - twallace@abiwor... - 02/08/2017 - 12:52 - 0 comments - 0 attachments

Cracks Are Appearing in Australia’s Trillion-Dollar Debt Pile

The Reserve Bank of Australia frequently seeks feedback on the health of the economy. It might want to call the debt counselors soon. Homeowners, consumers and property investors around Australia are making more calls to financial helplines as three warn ...

Daily Headline - global.abi.org - 02/07/2017 - 21:32 - 0 comments

Macquarie Said Planning Split, Not Strip, for U.K. Green Bank

U.K. Green Investment Bank Plc, the state lender put up for sale by the government, will be dramatically restructured if it’s sold to Macquarie Group Ltd., according to two people familiar with the matter, Bloomberg News reported. Australian bank Macquar ...

Daily Headline - global.abi.org - 01/26/2017 - 21:30 - 0 comments

Pumpkin Patch Stores To Close By Mid-February

The receivers of Pumpkin Patch will have all stores closed by mid-February after they couldn't entice a buyer for the failed children's wear chain, which traded through the traditionally busy holiday period, The New Zealand Herald reported. ...

Daily Headline - global.abi.org - 01/22/2017 - 19:04 - 0 comments

Australian Unemployment Rate Climbs as More Join Search for Work

Australia’s economy added jobs in December, although not enough to prevent the unemployment rate edging up as participation in the workforce increased, Bloomberg News reported. December’s data caps a volatile year for Australian jobs, as declining partic ...

Daily Headline - global.abi.org - 01/18/2017 - 21:46 - 0 comments

Pumpkin Patch Owes ANZ Bank $59.5 Million

Pumpkin Patch owes its bank nearly $60 million and its unsecured creditors another $13.2m. A receivers' report by Brendon Gibson and Neale Jackson of KordaMentha shows the children's clothing company, which was put into receivership in October, ...

Daily Headline - global.abi.org - 12/27/2016 - 22:48 - 0 comments

Chow Brothers Buy Fire Business From Receivership To Protect Loan

Millionaire property magnates the Chow brothers have been forced to buy a fire services company to protect a bank loan they bought earlier this year, Business Day reported. Michael and John Chow, with their business partner Clint Webber, made a quick ...

Daily Headline - global.abi.org - 12/15/2016 - 19:58 - 0 comments

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