A recent judgment of Chief Justice Blow in ARL2 Pty Ltd v Flex Realty Pty Ltd [2024] TASSC 5 is a reminder of the crucial role that compelling evidence plays in rebutting a presumption of insolvency. The court ultimately dismissed the plaintiff’s winding up application on the ground of insolvency based on the defendant’s failure…
Chinese company that sparked fears of financial contagion falls into bankruptcy Financial News Read the original article here
A FORMER Rugby World Cup winner and ex-England captain has been declared bankrupt – and his company has gone into liquidation. Phil Vickery, who was part of the country’s triumphant Rugby World Cup winning team, has racked up “hundreds of thousands of pounds” in debt, a source claimed. 3 Rugby star Phil Vickery, centre, has…
Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn’t rushed into building a home. It was the end of 2020 when the couple purchased a block of land in Catherine Field, a growth area suburb south-west of Sydney. Their block cost about $500,000, and they spent another $700,000…
We first covered Blue Protocol, the stylized online action RPG developed by Bandai Namco Online, nearly five years ago. Back then, there was no assurance the game would ever launch in Western countries. That changed in December 2022, when Amazon Games took the stage at The Game Awards to announce a publishing deal with Bandai…
“I think what we’ve got to accept is that some universities may well go bust,” the Conservative MP and former home secretary Suella Braverman recently told the BBC’s Panorama. “They may well close. And I don’t think that’s necessarily a bad thing.” Braverman will be a frontrunner for the Conservative leadership if, as seems highly…
The Federal Court’s recent decision in Stone (Liquidator), in the matter of RIC Admin Pty Ltd (in liq) v Mandalinic (No 2) [2024] FCA 164 demonstrates the analysis the courts will undertake in determining a director’s personal liability for insolvent trading, even when the director does not appear for the hearing. The case reiterates how…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Former England rugby captain Phil Vickery has been made bankrupt with documents showing he owes £100,000 to a company which is in liquidation. Mr Vickery, 48, of Bath, who was part of England’s triumphant 2003 World Cup winning side, applied to make himself bankrupt using debtor’s petition, last month. His management consultancy Vix Limited is…
A volatile cocktail of decade-high insolvency rates and booming investor appetite has driven short-seller Bronte Capital to begin betting against corporate debt, hoping to cash in if the companies behind the loans go bust. Bronte founder John Hempton has told his investors that the so-called junk rally – which this year drove global equities to…