Australia

Results for Australia

CBS to Buy Australian Broadcaster Ten Network

U.S. media company CBS Corp. plans to acquire Australian broadcaster Ten Network Holdings Ltd., beating out a bid from Australian media moguls Bruce Gordon and Lachlan Murdoch for the company after it went into receivership, The Wall Street Journal r ...

Daily Headline - global.abi.org - 08/28/2017 - 22:17 - 0 comments

Paladin Energy Crashes, Files For Insolvency

Paladin Energy, operators of Kayelekela Uranaium Mine in Karonga Malawi and Langer Heinrich in Namibia has filed for insolvency at the Australian high court after the company failed to pay a debt of USD277 million to a France based company called Electri ...

Daily Headline - global.abi.org - 08/21/2017 - 21:40 - 0 comments

Global asset management quarterly

Welcome to the sixth online edition of Global Asset Management Quarterly. This publication highlights key developments that will be of interest to and affect our asset management clients, including market trends and developments in tax and buy-side regul ...

Resource Article - twallace@abiwor... - 07/31/2017 - 13:13 - 0 comments - 0 attachments

Australia’s Ten Network Future in Doubt as Debt Backers Pull Out

The future of Australia’s Ten Network is in doubt after big shareholders, including Lachlan Murdoch, son of News Corp founder Rupert Murdoch, decided not to back a financial restructuring of the struggling broadcaster, the Financial Times reported. F ...

Daily Headline - global.abi.org - 06/13/2017 - 21:59 - 0 comments

Macquarie Hired to Find Investor for Insolvent SolarWorld

Australian investment bank Macquarie has been hired to find an investor for insolvent German solar panel maker SolarWorld, the company's insolvency administrator said on Thursday, Reuters reported. SolarWorld, once Europe's biggest solar power ...

Daily Headline - global.abi.org - 06/01/2017 - 21:44 - 0 comments

Ranking and Priority of Creditors

After the first two Volumes on Commencement of Insolvency Proceedings (2012) and the Treatment of Contracts in Insolvency (2013), Ranking and Priority of Creditors is the third Volume of the Oxford University Press’ International and Comparative Insolven ...

Resource Article - twallace@abiwor... - 04/25/2017 - 10:55 - 0 comments - 1 attachment

CLIENT UPDATE: IPSO FACTO CLAUSES, SAFE HARBOUR FOR DIRECTORS – OUR COMMENTS ON THE DRAFT EXPOSURE LEGISLATION

Australian insolvency law has two features which are widely recognised as making it harder to save and restructure businesses in financial difficulty. Voluntary administration is a formal mechanism designed to assist in reconstruction. But if a company e ...

Resource Article - twallace@abiwor... - 04/25/2017 - 10:47 - 0 comments - 0 attachments

Is hourly billing for liquidators back?

In brief: The NSW Court of Appeal has recently considered the basis on which liquidators' 'reasonable remuneration' should be determined. Partner Chris Prestwich (view CV), Senior Associate Przemek Kucharski and Lawyer Kane Kersaitis repor ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:20 - 0 comments - 0 attachments

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 - 15:08 - 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 - 13:52 - 0 comments - 0 attachments

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