Oceania

In brief: A recent Federal Court decision confirms that the Australian Securities and Investments Commission is not required to give notice to a potential examinee when it authorises receivers and managers to conduct an investigation of the examinable affa ...

Resource Article - abi_editor - 08/30/2012 - 16:32 - 0 comments - 0 attachments

Australian Music Group Holdings (AMG), which trades as Billy Hyde and Allans, has been placed into receivership by one of its creditors. James Stewart and Brendan Richards from Ferrier Hodgson were appointed as administrators Thursday morning by Revere C ...

Daily Headline - global.abi.org - 08/23/2012 - 22:32 - 0 comments

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Chapter 15 New Filing - abi_admin - 08/15/2012 - 11:18 - 0 comments - 0 attachments

The Tasmanian timber company Gunns has rejected reports an insolvency firm has been inspecting its books, ABC News reported. Gunns says it has hired the firm KordaMentha to provide advice on the sale of some of it woodchip processing assets. Newspaper re ...

Daily Headline - global.abi.org - 08/07/2012 - 22:39 - 0 comments

Defence technology company Metal Storm has been placed in voluntary administration. The company today said it had appointed Adam Shepard and Adam Farnsworth of Dean-Willcocks Shepard Recovery & Strategy as administrators, The Sydney Morning Herald ...

Daily Headline - global.abi.org - 07/26/2012 - 22:38 - 0 comments

Platinum Australia (PLA), the ASX-listed platinum miner with all its operations in SA, has now sought refuge from its creditors in voluntary administration. That means there could be some assets up for grabs for mining companies still in the ring, the ...

Daily Headline - global.abi.org - 07/23/2012 - 21:23 - 0 comments

The owners of equipment rental company HireQuip have been placed in receivership and the operating business is being prepared for sale, according to KordaMentha, The New Zealand Herald reported. The receivership comes less than a month after HireQuip ...

Daily Headline - global.abi.org - 07/12/2012 - 18:09 - 0 comments

On July 1, the Gillard government quietly slipped through a set of laws designed to crack down on phoenix companies - those that collapse one day with a pile of debts and, like the bird in Greek mythology, rise from the ashes with the same assets and cus ...

Daily Headline - global.abi.org - 07/08/2012 - 17:40 - 0 comments

The corporate regulator is claiming success with its crackdown on the insolvency profession and says it will continue to be a key area of focus, The Australian reported. The Australian Securities & Investments Commission has broken new ground by ...

Daily Headline - global.abi.org - 05/22/2012 - 20:37 - 0 comments

A large Russian investment in a Waimate dairy processor has failed with receivers appointed to New Zealand Dairies, Stuff.co.nz reported. Plans to sell the $100 million Waimate dairy factory did not come off leading to the appointment of Colin Gower and ...

Daily Headline - global.abi.org - 05/17/2012 - 20:44 - 0 comments