Company insolvencies increase 70% year-on-year as key sectors hit … – Irish Examiner

The number of company insolvencies increased by 70% year-on-year in the first three months of 2023, according to the latest figures from credit risk analyst CRIFVision-Net. Annual data for January, February and March suggest that inflationary pressures have added further concern for businesses, with a rise in insolvencies across ten counties. Sectors such as hospitality…

Australian supermarkets get a year to solve soft plastics recycling – Plastics News

Australia’s antitrust regulator, the Australian Competition & Consumer Commission, has proposed granting the nation’s three major supermarket chains a year to resolve post-consumer soft plastic recycling. In November 2022, the ACCC granted conditional interim authorization to the Coles, Woolworths and Aldi chains to solve the problem after the only post-consumer collection company, REDcycle, initially suspended…

Singaporean judge joins invitation-only US insolvency association … – The Straits Times

SINGAPORE – A Singaporean judge has been inducted as an international fellow at the American College of Bankruptcy (ACB), an association of global bankruptcy and insolvency experts that includes judges, academics, government officials and financial advisors. Justice Kannan Ramesh is the first Singaporean judge to be invited to join the association. The Singapore courts said…

Media Release: R&I activity strong as stormy seas tip companies … – Clayton Utz

That’s one of the predictions in this year’s edition of From Red to Black, Clayton Utz’s annual review of the dynamics of Australia’s Restructuring and Insolvency (R&I) market. After a slow start to the year, a combination of rampant inflation, constrained liquidity, under-pressure management and critically squeezed margins is contributing to an increase in R&I…

Customers of collapsed home builder Porter Davis left in limbo as liquidators scramble to find buyer – ABC News

Liquidators appointed to take over collapsed Victorian home builder Porter Davis have warned some customers who had paid a deposit, but not had works begin, have been left uninsured. Key points: The liquidator says there are several building companies interested in buying the collapsed Victorian construction company Many Porter Davis customers were left uninsured while their…