Wollongong IT solution provider Novo IT calls in the administrators – CRN Australia

Managed services provider Novo IT, formerly known as AVC, has entered into voluntary administration after 28 years in business. David Ian Mansfield and Neil Robert Cussen from Deloitte Financial Advisory were appointed voluntary administrators on 23 May. A first meeting of creditors is scheduled for 2 June. The company currently employs approximately 30 people, all…

International firm partner nabs Australia first – Australasian Lawyer

Ashurst partner Ross McClymont has become the first lawyer to be appointed as president of the Australian Restructuring Insolvency and Turnaround Association (ARITA). With over 25 years experience, McClymont leads Ashursts restructuring, insolvency and special situations group in Australia. He is also the firms managing partner in Melbourne. ARITA, which represents 84% of registered liquidators…

European Central Bank calls for ‘clarity’ for Greece at June meeting – The New Indian Express

FRANKFURT AM MAIN: Greece’s creditors should create “clarity” by reaching a deal on debt relief for Athens at a meeting next month, European Central Bank board member Benoit Coeure urged Wednesday. “It is very important that an agreement is reached at the Eurogroup meeting on 15 June,” Coeure told a Frankfurt conference. Any relief measures…