Ian Ferrier reveals the ‘biggest crook’ of his insolvency career – The Australian Financial Review

He orders a Voyager Estate chardonnay and confesses to having once owned the Smithbrook winery in Pemberton, Western Australia, in partnership with his best friend, the late David Clarke, one of the founders of Macquarie Group. They later sold Smithbrook to Brian Croser. Ferrier, 79, is a former chairman of Australian Vintage, which owns McGuigan…

Wollongong’s Merrigong Theatre Company facing insolvency, despite COVID-19 performing arts bailout – ABC News

One of the largest regional theatre companies in NSW is facing insolvency, warning a Federal Government bailout might not be enough to save it. Key points: Australia’s arts sector will get access to $250 million worth of grants and loans under a COVID-19 recovery package Wollongong’s Merrigong Theatre Company says the money might have come…

German payments firm Wirecard files for insolvency after revealing $2 billion accounting black hole – CNBC

An illuminated logo sits on the exterior of Wirecard’s headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | Getty Images Wirecard will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday. The company said in a short statement that management had decided…