Dominic Chappell’s company enters liquidation revealing fate of BHS funds – Retail Gazette (blog)

Dominic Chappells company Retail Acquisitions Limited (RAL) has been put into liquidation, opening the door for creditors including Sir Philip Greens Arcadia Group to recoup plundered BHS funds. RAL was placed into liquidation last Thursday following a high court ruling, allowing liquidators to scour the companys financial records to establish the legitimacy of the millions…

Fair Entitlements Guarantee costs blowout spurs crackdown on corporate restructures – The Australian Financial Review

The Turnbull government is proposing new laws to crack down on phoenix activity and corporate restructures after a blowout in the Fair Entitlements Guarantee scheme saw it shoulder $1 billion in employee entitlements for companies that went bust. The reform options, raised in a consultation paper on Thursday, flag a big push by the government to tackle illegal phoenix…