Brisbane apartment builder CMF Projects has called in administrators in what could be the first sign of a shake out in the cooling apartment market. The builder, which has completed at least a dozen high profile apartment projects in Brisbane, is the first builder of any real significance to go into administration in a market…
SolarWorld AG, Europes largest independent solar energy company has filed for insolvency in Germany due to the difficult market environment as low-cost panels, mostly manufactured in Asia, have glutted the global market. SolarWorld is led by Frank Asbeck, a colorful businessman known as the Sun King in Germany, who has led the charge against what…
Related Story: Careers Australia, Acquire Learning facing fresh claims over sales tactics Related Story: ACCC takes ex-AFL boss Demetriou’s private training company to court Controversial vocational education broker Acquire Learning, chaired by former AFL head Andrew Demetriou, has gone into voluntary administration. Key points: Collapse not unexpected because the…
Scandal-plagued Acquire Learning goes into administration exit The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players. Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as its executive chairman, went into voluntary administration on Friday on the verge of insolvency. Back in 2014 the company was…
The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players. Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as its executive chairman, went into voluntary administration on Friday on the verge of insolvency. Acquire Learning Group Managing Director John Wall and then executive chairman Andrew Demetriou in November…
FAIRFAX NZ A problem gambler wants the TAB to acknowledge its processes failed and allowed him to lose $75,000. A problem gambler is asking the TAB to take responsibility for part of his debt after he says a lapse in their processes allowed him to lose $75,000 in six months. The 28-year-old Auckland man’s family…
Restructuring Update Paris, France – May 12, 2017 On March 3, 2017, CGG S.A (“CGG” or the “Company”) entered into a financial restructuring process with the aim of significantly reducing debt levels and related cash interest costs to align them with its cash flows. In order to facilitate such restructuring discussions held under…
Award-winning Brisbane apartment builder CMF Projects has been placed into voluntary administration. Liquidators David Clout and Patricia Talty were appointed late on Wednesday, but neither they or the company’s directors, Greg Campbell and Cameron Fidler, would comment. A statement on the company’s website informs subcontractors to collect their equipment from the sites of…
BERLIN (AP) German solar panel maker SolarWorld AG has filed for insolvency, citing the effect of falling prices in the industry. The company said late Wednesday its management had concluded that “due to the ongoing price erosion and the development of the business, the company no longer has a positive going concern prognosis.” It added…