Key risk trends for Directors and Officers in 2025: insolvencies, geopolitical tension and “AI washing”: Allianz

Increasing global insolvency levels heighten risks for executives. The febrile geopolitical landscape poses liability challenges for global corporations caught up in world events. “AI washing” is an emerging risk trend, leading to securities class action lawsuits. D&O market remains competitive but a step up in scrutiny of corporate conduct around the globe means loss potential…

Iconic Maketū Pies bought following two week liquidation process – Te Ao Māori News

Wednesday, December 4, 2024 • ByLaura Smith, Local Democracy Reporting Maketū Pies has been saved again, two weeks into its liquidation process. Privately-owned catering business Montana Group took over the 42-year-old brand and its about 20 employees today. Maketū Foods Ltd was placed into voluntary solvent liquidation by its previous owner, Te Arawa Management Ltd,…

Federal government faces pressure after $60m Quasar Construction collapse impacts major projects

The federal government is facing fresh calls to better support the construction industry after the collapse of another high-profile operation which owed creditors tens of millions of dollars. Quasar Constructions has entered administration, impacting 10 projects across Sydney and the Illawarra including work on the new Western Sydney International Airport. The company reportedly owes creditors…