Australia
Results for Australia
- Classic International Cruises In Voluntary Administration With MV Athena Ship Customers In Limbo
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The travel plans of thousands of Australians this summer are up in the air after Classic International Cruises was placed into voluntary administration today, The Australian reported. Lawler Partners was this morning appointed voluntary administrator ...
Daily Headline - global.abi.org - 10/31/2012 - 22:57 - 0 comments
- Southern Cross Collapses With Debts In Millions
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One of the state's biggest construction companies has collapsed, with more than 500 creditors believed to be owed millions of dollars, the Herald Sun reported. Southern Cross Constructions yesterday appointed accounting firm Cor Cordis as admini ...
Daily Headline - global.abi.org - 10/28/2012 - 19:52 - 0 comments
- Nine Lenders Come To Agreement, Nine Avoids Receivership
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Nine Entertainment has avoided receivership, with the company's warring lenders reaching an agreement in principle this afternoon, The Australian reported. The US hedge funds Apollo and Oaktree, which are the biggest holders of Nine’s $2.28 bill ...
Daily Headline - global.abi.org - 10/17/2012 - 21:37 - 0 comments
- Australia's Nine Near Debt-To-Equity Deal With Lenders
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Lenders to Australia's beleaguered Nine Entertainment television network, owned by CVC Capital Partners Ltd, are close to agreeing on a deal to swap debt for equity, sources with knowledge of the talks said, Reuters reported. The deal will wipe out ...
Daily Headline - global.abi.org - 10/16/2012 - 22:12 - 0 comments
- Hirepool Seeks Clearance To Buy Rival Hirequip Out Of Receivership
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Equipment rental company Hirepool has sought clearance by the anti-trust regulator to buy rival Hirequip out of receivership in a bid to get greater exposure to the heavy construction sector as the Christchurch rebuild starts hitting its stride, The Na ...
Daily Headline - global.abi.org - 10/16/2012 - 22:12 - 0 comments
- Receivership Looms For Nine
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Warring Nine Entertainment lenders remained intransigent Monday ahead of this morning's crucial meeting, which could result in the appointment of receivers, The Australian reported. Nine chairman Peter Bush and chief executive David Gyngell will ...
Daily Headline - global.abi.org - 10/15/2012 - 22:32 - 0 comments
- Draft Tax Determinations highlight tax obligations of agents and trustees
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Draft Tax Determinations highlight tax obligations of agents and trustees In brief: Two long-awaited draft Tax Determinations released by the Australian Taxation Office highlight the obligations of insolv ...
Resource Article - abi_editor - 10/16/2012 - 12:34 - 0 comments - 0 attachments
- Gunns A Steal For Those With The Stomach For It
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Gunns' lurch into administration, and probable receivership, means the company will never get to build its proposed $2.3 billion pulp mill in Bell Bay, Tasmania, but it does not necessarily mean the end of the project, The Australian reported. T ...
Daily Headline - global.abi.org - 09/25/2012 - 23:16 - 0 comments
- Nine's Debt Collectors Locked In A Stand-Off
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The US hedge funds Apollo and Oaktree, investment bank Goldman Sachs and Nine Entertainment begin talks on Monday and Tuesday that will decide whether the television group gets new owners quickly or slides into the purgatory of receivership, The Sydney ...
Daily Headline - global.abi.org - 09/23/2012 - 21:04 - 0 comments
- Allens Report: Lessons for lenders and directors from the Bell Group appeal decision
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Allens Report: Lessons for lenders and directors from the Bell Group appeal decision The Western Australian Court of Appeal has handed down its 1024-page judgment in the Bell Group litigation, Australia's ...
Resource Article - abi_editor - 09/20/2012 - 15:52 - 0 comments - 0 attachments
