Results for Australia
- Yatango Mobile Startup Division Collapses Into Voluntary Administration
The mobile division of consumer data startup Yatango has entered voluntary administration. According to records from the Australian Securities and Investments Commission, Yatango Mobile (Australia) entered voluntary administration on September 29. Hugh A ...
Daily Headline - global.abi.org - 10/01/2015 - 23:10 - 0 comments
- Payday Lender's Licence Suspended Due To Insolvency
The Australian Securities and Investments Commission (ASIC) has suspended the credit licence of PAID International Ltd until April next year because it is insolvent and stopped providing loans, ABC News reported. An external administrator was appointed i ...
Daily Headline - global.abi.org - 09/21/2015 - 22:35 - 0 comments
- WDS In Receivership Stokes Fears For Workers
Loss-making Fortitude Valley-based energy and mining contractor WDS has gone into receivership, The Australian reported. The appointment by WDS’s major secured creditor, GE Commercial, of Quentin Olde and John Park from FTI Consulting as receivers an ...
Daily Headline - global.abi.org - 09/03/2015 - 23:34 - 0 comments
- Quickflix Suspends ASX Trading As Troubled SVOD Player Looks To Avoid Insolvency
a $0.001 giving the company a market capitalisation of just $2.2m. The announcement also said ...
Daily Headline - global.abi.org - 08/31/2015 - 20:13 - 0 comments
- Call To Extend Directors’ Safe Harbour To Insolvency
With Australia on the cusp of a “looming liquidity crisis’’, corporate turnaround specialists have urged so-called safe harbour laws to protect directors and their advisers in informal corporate restructurings, The Australian reported. While the prop ...
Daily Headline - global.abi.org - 08/30/2015 - 16:52 - 0 comments
- Power Down: WA Electrical Contractor Collapses Into Voluntary Administration
A Western Australian electrical contractor that has been operating for more than 30 years and supplied machinery for mining in the Pilbara region has collapsed into voluntary administration, SmartCompany.com.au reported. Cape Range Electrical Contractors ...
Daily Headline - global.abi.org - 08/25/2015 - 21:32 - 0 comments
- Union Calls For Insolvency Inquiry To Visit Adelaide After Tagara Builders' Collapse
An inquiry into insolvency in the construction industry should visit Adelaide to listen to the experience of the building industry in the wake of the collapse of Tagara Builders, according to a union official, ABC News reported. Tagara had about $70 mill ...
Daily Headline - global.abi.org - 07/13/2015 - 20:54 - 0 comments
- National Guarantee Fund To Lift Its Game After BBY Collapse
The National Guarantee Fund, a compensation vehicle for investors, has admitted it does not currently have the resources to handle a jump in claims from the collapse of BBY, and is seeking to rectify the situation, The Sydney Morning Herald reported. ...
Daily Headline - global.abi.org - 07/08/2015 - 18:20 - 0 comments
- Australia: Nexus Energy Limited - Update on Debt-For-Equity Restructures of Listed Companies
In our article “Mirabela Nickel Restructuring - An Australian First” in the Q3 2014 issue of Global Insight, we considered the cutting-edge case of Mirabela Nickel Ltd  NSWSC 836 (Mirabela) which was the first example of the court approving a debt- ...
Resource Article - abi_admin - 07/03/2015 - 09:23 - 0 comments - 0 attachments
- Canberra Eye Hospital In Voluntary Administration Amid Directors Dispute
The Canberra Eye Hospital is in voluntary administration and its owners, who include pioneering eye surgeons, appear to be in a dispute over the sale of the business with shareholders, The Canberra Times reported. One of the founders, Dr Leo Shanahan ...
Daily Headline - global.abi.org - 06/09/2015 - 22:34 - 0 comments