MWave enters administration – ARN

While the amount wasn’t revealed, Anacacia indicated it stemmed from its $300 million Private Equity III LP fund. It also has dabbled frequently in winning federal government tenders over the last 15 years, as listings on AusTender show Mwave has won a collective $2.4 million across 61 tenders. Founded by Victor Lee in 2006, Mwave…

Federal Court gives voting rights to creditor of company in voluntary administration

Justice Derrington issued freezing orders against various parties as requested, upon seeing some arguable basis for the plaintiff’s allegations that:  the first defendant’s directors engaged in deliberately misleading conduct to induce the plaintiff to invest funds  significant, wilful misinformation also aided the investment  the plaintiff still owned the money transferred to the…

Esoteric Festival Enters Voluntary Administration

Esoteric Festival has called time.  After a rollercoaster year for the beloved fest, which was forced to its cancel 2025 edition at the eleventh hour, festival co-founder and direct Sam Goldsmith confirms the worst.  Esoteric Festival Pty Ltd, he explains, has entered voluntary administration with effect from June 11th 2025. “This is by far the…