The world is completely rethinking the assumptions that have been underpinning high-growth companies, and this is having severe implications for their market valuations. The best measure of this change in market sentiment is the performance this month of Tesla and Afterpay. Tesla is the high-growth proxy in the United States, while Afterpay fills a similar…
Creditors have allegedly been cheated in a complicated scam involving a registered trustee, an insolvency advisor and a bankrupt person. A series of properties were raided across South East Queensland on Wednesday with records seized in relation to suspected fraudulent behaviour. During the bankruptcy, a registered trustee and a pre-insolvency advisor are alleged to have…
Creditors have allegedly been cheated in a complicated scam involving a registered trustee, an insolvency advisor and a bankrupt person. A series of properties were raided across South East Queensland on Wednesday with records seized in relation to suspected fraudulent behaviour. During the bankruptcy, a registered trustee and a pre-insolvency advisor are alleged to have…
Highlights Freeport East go-ahead ‘delivers on PM’s words’ Plan to help decarbonize Sizewell construction site Buses, then trucks, trains, vessels the first use cases London Ryse Hydrogen plans to install a 6 MW electrolyzer at the Sizewell nuclear site in Suffolk as a launchpad for mass production of low carbon hydrogen in and around the…
Ian Defty, partner at Begbies Traynor and insolvency advisor at Integrated Dispute Resolution. By Ian Defty, partner at Begbies Traynor and insolvency advisor at Legal Futures Associate Integrated Dispute Resolution. It is fair to say that there has, for many years, been a difference of opinion between the law governing personal insolvency and matrimonial law…
THE NUMBER of restaurant bankruptcies rose sharply at the end of February in Finland, reports Asiakastieto. The Finnish provider of business and consumer information reported yesterday that 14 restaurants were declared bankrupt between 22 and 28 February. Although the number is high in comparison to previous weeks, the number of bankruptcies in the first eight…
Queensland’s three-year run as the nation’s bankruptcy capital has continued with damning new figures revealing the significant number of people facing financial distress. In the 2020 calendar year, 4458 personal bankruptcies were recorded in Queensland ahead of 4413 in NSW. Victoria – which was locked down for four months – recorded 2724 personal insolvencies. In…
The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. By W. Blake Gray | Posted Wednesday, 03-Mar-2021 There’s a little light ahead for the victims of John Fox’s Ponzi scheme at the bankrupt Premier Cru wine shop they may soon get some of their money…
Queensland’s three-year run as the nation’s bankruptcy capital has continued with damning new figures revealing the significant number of people facing financial distress. In the 2020 calendar year, 4458 personal bankruptcies were recorded in Queensland ahead of 4413 in NSW. Victoria – which was locked down for four months – recorded 2724 personal insolvencies. In…
The multi-billion dollar financial empire built by Bundaberg farmer’s son Lex Greensill faces unravelling. London-based Greensill Capital, founded by Mr Greensill a decade ago, has appointed Grant Thornton to look at restructuring options as it faces the possibility of filing for insolvency, according to people familiar with the company. The financial strife came after Credit…