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Australian seafood giant A Raptis & Sons enters administration – The Greek Herald

Australian seafood company A Raptis & Sons Group, one of the country’s largest privately owned fishing businesses, has entered voluntary administration as efforts begin to restructure or sell the company. The Brisbane-based family enterprise, which has operated for more than six decades and spans three generations, is widely recognised as Australia’s largest wild-caught prawn operator.…

Tau lambasts Tongaat BRPs over liquidation application

Minister of Trade, Industry and Competition Parks Tau has lambasted the conduct of the business rescue practitioners (BRPs) of financially distressed, suspended JSE-listed sugar producer and property developer Tongaat Hulett. Tau said the Companies Act is being “abused and perverted” by the BRPs in an attempt to force the liquidation of Tongaat “against the public…

Insolvencies have spiked – would a law change let more businesses trade their way out of trouble?

By Benjamin Liu* of Photo: nito500/123RF Analysis: New Zealand has been experiencing a striking rise in company failures, focusing attention on the role of directors when facing financial trouble. Corporate insolvencies have now reached their highest levels in 15 years, with thousands of firms entering liquidation or other formal processes in 2025. This surge has…

Insolvencies have spiked – would a law change let more businesses trade their way out of trouble?

By Benjamin Liu* of Photo: nito500/123RF Analysis: New Zealand has been experiencing a striking rise in company failures, focusing attention on the role of directors when facing financial trouble. Corporate insolvencies have now reached their highest levels in 15 years, with thousands of firms entering liquidation or other formal processes in 2025. This surge has…