The number of Scottish businesses becoming insolvent dipped almost 16 per cent quarter on quarter but rose 21 per cent year on year, latest official figures show. The Accountant in Bankruptcy (AiB), which records the number of corporate insolvencies and member voluntary liquidations logged, recorded 218 business failures in the three months to September 30,…
Traditional owners in Western Australia are worried the collapse of Pluton Resources could trigger a significant environmental incident in the Kimberley. The WA Department of Mines and Petroleum has confirmed Pluton’s Cockatoo Island iron ore pit is filling with water and is expected to be full within days. “It is anticipated that at…
Sian Aitken Sian Aitken and Graeme MacLeod look at a case confirming the precedence of domestic administration proceedings in a multi-jurisdictional winding-up, marking the first time modified universalism has been recognised in Scots law. The Court of Session has confirmed that the administration in Scotland of a Scottish company will take priority over an Indian liquidation…
Domestic slavery, sex slaves and scandal-ridden convenience store chain 7-Eleven are top of the agenda for a new powerful government-run migrant taskforce headed by Professor Allan Fels. Professor Fels will write to 7-Eleven this week seeking details on its compensation scheme and workplace compliance to ensure it is addressing systemic wage fraud across its franchise…
Bankrupt businessman Geoffrey Edelsten faces years of litigation in Australia and the United States, with creditors in both countries lining up to get a piece of his Victorian assets. Edelsten is being chased by more than 40 creditors , including the Australian Taxation Office, for millions of dollars. He also owes National Australia Bank, Bendigo…
Family First senator Bob Day’s political party is signalling he could stay on in Parliament and serve the rest of his three-year term, if a potential investor steps in to save his troubled construction company. Key points Insolvency firm says there is a lot of interest in Home Australia assets Bob Day is unlikely…
Family First senator Bob Day could face a rare High Court injunction preventing him from supporting the Turnbull government’s union-busting and same-sex marriage bills after he delayed his resignation to be present for the votes. If successful, that unprecedented legal course could be enough to stop the legislation dead, forcing the government to its plan B: a special post-double…
Listed on the NZX, Wynyard Group is a cyber security firm with offices in New Zealand, Australia, United States, United Kingdom, Canada, and the Middle East. Wynyards solutions are used by Fortune 500 companies, national security agencies and critical infrastructure operators across the globe – but its just gone into voluntary administration. The firm informed shareholders…
Listed on the NZX, Wynyard Group is a cyber security firm with offices in New Zealand, Australia, United States, United Kingdom, Canada, and the Middle East. Wynyards solutions are used by Fortune 500 companies, national security agencies and critical infrastructure operators across the globe – but its just gone into voluntary administration. The firm informed shareholders…
The government has shrugged off Labors call to reject the vote of Bob Day, who has now indicated he will stay to vote on key elements of the governments program despite announcing his intention to quit. On Wednesday the prime ministers office and treasurer Scott Morrison said that the South Australian senators vote was a…