Australia

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Australia's IFM Investors To Pay $5.7 Billion For Indiana Toll Road

Australia's IFM Investors said on Thursday it had agreed to pay $5.73 billion to buy the bankrupt operator of a major U.S. toll road, making its biggest overseas investment, Reuters reported. IFM Investors, which is owned by 30 Australian pension fu ...

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

Distressed debt M&A – share transfers without a scheme

In brief: The Supreme Court of New South Wales has given further guidance on the scope of its power to grant leave to a deed administrator to compulsorily transfer the shares of a company. The decision, in the matter of Nexus Energy Ltd (subject to deed ...

Resource Article - twallace@abiwor... - 02/18/2015 - 13:54 - 0 comments - 0 attachments

Fashion Heavyweight Josh Goot Collapses Into Voluntary Administration

High-profile fashion designer Josh Goot has placed his eponymous label in voluntary administration in a bid to withstand the “well-documented difficult trading conditions in the fashion industry”. Michael Smith and Peter Hillig of Smith Hancock were appo ...

Daily Headline - global.abi.org - 02/04/2015 - 22:49 - 0 comments

Paid International Collapses Into Voluntary Administration

Former Smart50 finalist Paid International has entered voluntary administration, just months after the online finance provider agreed to refund $1.128 million to customers who were charged excessive loan fees, SmartCompany.au reported. Ian Francis and Jo ...

Daily Headline - global.abi.org - 01/26/2015 - 23:11 - 0 comments

A greater yield: Attracting investment into Australian agribusiness

Australia is currently discussing what reforms are required to attract investment into the agribusiness sector. However, one voice has been largely missing from this discussion: offshore and domestic financial investors. To help rectify this, Allens ...

Resource Article - abi_admin - 01/21/2015 - 12:12 - 0 comments - 0 attachments

Debt Agreements Up But Overall Insolvency Numbers Down

bankruptcies to 4,179 and a 10.0 per cent decline in personal insolvency agreements to 54. Personal insolvency ...

Daily Headline - global.abi.org - 01/13/2015 - 01:42 - 0 comments

Australia’s Resources Slowdown Hits Regional Airlines

While Australia’s commodities boom was running hot, it wasn’t only mining companies that benefited from the billions of dollars in investment pouring into the country. Airlines got a boost, too, The Wall Street Journal reported. That has changed as s ...

Daily Headline - global.abi.org - 01/11/2015 - 20:53 - 0 comments

Administrators Appointed To Troubled Cairns-Based Skytrans

Troubled regional carrier Skytrans has been put in voluntary administration as company executives seek to find work for laid off staff, The Courier Mail reported. illiam Fletcher and Tracy Lee Knight of Brisbane-based Bentleys Chartered Accountants h ...

Daily Headline - global.abi.org - 01/06/2015 - 21:25 - 0 comments

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