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Restructuring Global Insight: Africa – institutionalizing secured lending | Australia – rise of the phoenix | more restructurings in 2016? Absolutely | reforms, gift cards + more (Attorney Advertising)

Welcome to issue 16 of Restructuring Global Insight, bringing you reports on breaking legal developments in restructuring law across borders and in jurisdictions around the world. This issue features: AFRICA ■Institutionalizing secured lending to S ...

Resource Article - twallace@abiwor... - 02/01/2016 - 08:55 - 0 comments - 0 attachments

Quindell Owner In Debt Restructuring Talks

The Australian law firm that snapped up the bulk of scandal-hit insurance claims company Quindell has been forced into restructuring talks amid concerns over the deteriorating state of its finances, The Telegraph reported. Lenders to Slater & Gor ...

Daily Headline - global.abi.org - 01/31/2016 - 18:28 - 0 comments

Australia's Dick Smith CEO Resigns; Receiver Seeks Buyers

Dick Smith chief executive Nick Abboud has resigned a week after the failed Australian electronics retailer went into receivership with debt of A$390 million ($272.61 million), its receivers said on Tuesday, Reuters reported. Don Grover has been appointe ...

Daily Headline - global.abi.org - 01/11/2016 - 22:25 - 0 comments

Insolvency Experts Called In To Clive Palmer's Queensland Nickel Refinery

Clive Palmer has lashed out at the Queensland government for refusing to support his struggling Yabulu nickel refinery, as reports emerge that insolvency experts have been called in, The Guardian reported. Palmer released a statement saying the gover ...

Daily Headline - global.abi.org - 01/07/2016 - 22:19 - 0 comments

Titan Energy Services Appoint Administrators

ASX-listed coal seam gas (CSG) drilling contractor, Titan Energy Services Ltd, has become the latest victim of the commodity downturn, being placed into voluntary administration, according to a company statement. In its 2015 annual financial statements, ...

Daily Headline - global.abi.org - 01/06/2016 - 22:33 - 0 comments

Hundreds of Companies Paid Little or No Tax in Australia

Australian tax authorities on Thursday published the records of hundreds of companies, including Google and Apple, which show that they paid little or no tax on their earnings in the country, the International New York Times reported. Of more than 1, ...

Daily Headline - global.abi.org - 12/17/2015 - 22:19 - 0 comments

Sapphire And Megafert-Interfert Insolvency Cases Raise Questions

Last week the Australian Securities and Investments Commission fired a shot across the bows of insolvency companies, The Weekly Times reported. In forcing Tony Matthews, of ­Anthony Matthews and Associates, into an “enforceable undertaking” ­arrangem ...

Daily Headline - global.abi.org - 12/15/2015 - 21:55 - 0 comments

Insolvency Changes Not Revolutionary: PM

The government has argued that the recommendations made by the Productivy Commission to change insolvency laws will foster more entrepreneurship and aid innovation, SkyNews.com.au reported. The default bankruptcy period will be reduced from three years t ...

Daily Headline - global.abi.org - 12/07/2015 - 22:45 - 0 comments

Award-Winning IT Company Collapses Into Voluntary Administration

An IT distribution company that has operated for almost 20 years has collapsed into voluntary administration, SmartCompany.com.au reported. Altech Computers was established in 1997 and has offices and warehouses in Sydney, Melbourne, Brisbane, Adelaide, ...

Daily Headline - global.abi.org - 12/06/2015 - 22:59 - 0 comments

ACT Contractors Want Help From Senate Building Insolvency Probe

Canberra building subcontractors left tens of millions of dollars out of pocket by insolvencies and payment disputes are hoping and praying a Senate Committee will come to their rescue, The Canberra Times reported. The report of the Senate's Eco ...

Daily Headline - global.abi.org - 12/02/2015 - 21:28 - 0 comments

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