Results for Oceania
- Company Connected To Noggi Frozen Yogurt Franchise Chain Collapses Into Voluntary Administration
A company that shares its director with the Noggi Frozen Yogurt chain has entered voluntary administration, SmartCompany.au reported. Stewart Free and Bradd Morelli of Jirsch Sutherland were appointing administrators of SKS Partners on April 9. An invest ...
Daily Headline - global.abi.org - 04/13/2015 - 22:27 - 0 comments
- DLA Piper - Global Insight Q1 2015 content for Global INSOLvency.com website
In recent months, the US has seen a staggering increase in the number of retailers, both large and small, filing for bankruptcy. Among others, Dots, Alco Stores, Radio Shack, Deb Shops, Wet Seal, and Delia’s have each filed for bankruptcy protection in t ...
Resource Article - twallace@abiwor... - 04/06/2015 - 10:38 - 0 comments - 0 attachments
- Allens Client Update: Octaviar – the perils of procrastination
In brief: In two decisions arising from the Octaviar liquidation, the High Court has given guidance on liquidators' ability to seek extensions of time for bringing voidable transaction claims. The decisions also highlight the risks of such applicati ...
Resource Article - twallace@abiwor... - 04/06/2015 - 10:02 - 0 comments - 0 attachments
- Allens Focus: When is a trust a commercial necessity?
In brief: The High Court has held that the proceeds of a forestry investment scheme were not held on trust for the investors by the operators of the scheme. The decision emphasises that a trust will not arise unless the parties expressly declare thei ...
Resource Article - twallace@abiwor... - 04/06/2015 - 10:00 - 0 comments - 0 attachments
- Australia Considers Tax Changes to Fix Battered Finances
Australia is considering changes to the way it taxes pension funds and targeting the tax practices of multinationals, as Prime Minister Tony Abbott’s conservatives struggle to shore up the country’s finances amid deep hostility to proposed austerity meas ...
Daily Headline - global.abi.org - 03/30/2015 - 21:08 - 0 comments
- Australia to Join Regional Development Bank Led by China
Australia plans to join an Asian infrastructure bank led by China, the government announced on Sunday, reversing an earlier decision taken at the urging of the United States not to become a member. The move made Australia the latest of a list of major Am ...
Daily Headline - global.abi.org - 03/29/2015 - 21:54 - 0 comments
- Australia's IFM Investors To Pay $5.7 Billion For Indiana Toll Road
September after it was unable to support its $6 billion in debt. The company, owned by units of Spanish ...
Daily Headline - global.abi.org - 03/11/2015 - 22:29 - 0 comments
- Reform Remains Elusive For Troubled Insolvency Sector
Disgraced liquidator Stuart Ariff will be released on parole on March 25 after serving four years in jail on 19 counts of criminal fraud, The Sydney Morning Herald reported. Ariff, who triggered a Senate inquiry into the insolvency industry in 2010 a ...
Daily Headline - global.abi.org - 03/09/2015 - 20:23 - 0 comments
- Family-Owned Strawberry Farm Collapses Into Voluntary Administration
A family-owned strawberry producer that has supplied fresh berries to Coles supermarkets for more than 40 years has collapsed into voluntary administration. Victorian-based Oz Fresh Farms called in administrators Ernst & Young on February 24, with Ph ...
Daily Headline - global.abi.org - 03/05/2015 - 00:14 - 0 comments
- Court Decision On Insolvency Victory For The Little Guy
Small business owners, particularly in the construction industry, should be breathing a sigh of relief this week. The Supreme Court has delivered a decision which upholds their rights to keep payments made by companies which subsequently go into liquidat ...
Daily Headline - global.abi.org - 02/19/2015 - 22:41 - 0 comments