New ASIC report shows voluntary administration and DOCAs remain important restructuring tools

The Australian Securities and Investments Commission (ASIC) has released its first detailed review of voluntary administration (VA) and deed of company arrangement (DOCA) outcomes, providing useful insight into when these processes are most likely to deliver restructuring outcomes and when alternative insolvency pathways may be more appropriate. On 7 July 2026, ASIC published Report 836,…

HiTech buys troubled recruiter Hudson Global

Debt-laden public sector recruiter Hudson looks set to emerge from voluntary administration with a new owner, turning over management of an operation that supplies hundreds of temporary workers to state and federal government departments to an ASX-listed player. Street Talk understands $40 million market cap technology and recruitment consulting firm HiTech Group Australia is in…

Rajshahi 230,000 farmers get debt relief

The massage of great relief has come for millions of small and marginal farming in families in North Bengal who continue to farm under the burden of many years of debt. According to the government’s election manifesto, Rajshahi Krishi Unnayan Bank (RAKUB) has freed 2 lakh 29 thousand 933 farmers’ families from debt by implementing…

UK clothing company falls into administration after 12 years

The company, which also offers printing and embroidery services, trades directly with leading brands and maintains strong relationships with the UK’s top wholesalers. Activewear’s LinkedIn profile adds: “Our aim is to provide the highest quality of service to ensure a great end user customer experience through a cost effective approach.” The company operates online via…