‘Broken promises’ as luxury home builder hits liquidation – Waikato Times
‘Broken promises’ as luxury home builder hits liquidation Waikato Times Read the original article here
Ashurst boosts Perth office with strategic partner hires
Notably, he spent a decade as a partner at HWL Ebsworth, where he founded and led the Restructuring and Insolvency practice in Perth. He also has experience as a lawyer at Minter Ellison. “Ashurst’s reputation as a leading global firm with a strong record in the restructuring and insolvency space in Australia and the Asia…
NCLT Holds, Liabilities of Corporate Debtor Must Be Settled u/s 53 Of IBC
The bench found that as far as the ‘going concern’ sale in liquidation is concerned, there is a clear difference that only assets are transferred and the liabilities of the Corporate Debtor have to be settled in accordance with Section 53 of the Code In a recent case, the Mumbai bench of the National Company…
Business insolvencies: annual growth by region 2023
Following the rising global inflation, business insolvencies are forecast to increase in all world regions in 2023, increasing by almost 50 percent in North America. Following a sharp increase with the 2008-09 financial crash, the number of business insolvencies in North America declined each year from 2010 to 2019. Perhaps somewhat surprisingly, except for Eastern…
Explore secured creditor appointments and processes with insights from Lander & Rogers experts. – Shareholders – Corporate/Commercial Law
CP Cathro & Partners More Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value. With a reputation for delivering high quality results, we can assist your business to overcome strategic and financial challenges. You can rely on…
White & Case hires former A&O corporate chief as Latham raids Weil for elite insolvency team
Leading the high-profile moves this week, White & Case has hired Richard Browne as a partner into its global M&A practice. Recognised as a , Browne joins from A&O Shearman. Browne began his career at legacy A&O in 1993 and later went on to serve as global co-head of the corporate practice and head of corporate in…
Federal Court finds director reasonably relied on external advice amid potential insolvency – Directors and Officers – Corporate/Commercial Law
On 6 November 2024, the Federal Court dismissed the Australian Securities and Investments Commission’s (ASIC) case against Paul Ryan, a director of Dixon Advisory & Superannuation Services Pty Limited (DASS). The case alleged that Mr Ryan had breached his directors’ duties by failing to consider the interests of DASS’ creditors when the company was approaching…
20+ Aussie craft breweries have fallen victim to craft beer’s economic crisis over past 12 months
This week, Melbourne’s Burnley Brewing has announced that it has entered into liquidation, marking a continuation of a now well-established trend that has seen more than 20 breweries enter into either voluntary administration or liquidation over the past year alone. According to an update published to ASIC, “notice is given that at a general meeting…
Major Aussie dairy company stocked in Woolworths and Coles collapses: ‘No hope’
By FREDDY PAWLE FOR DAILY MAIL AUSTRALIA Published: 10:22 AEDT, 29 November 2024 | Updated: 10:33 AEDT, 29 November 2024 A major South Australian dairy company is shutting down after a ‘perfect storm’ of challenges forced it to plunge into voluntary administration. Beston Global Food Company, which produced the Beston’s Edwards Crossing and Mables dairy…
Aussie fashion brand Dion Lee placed in voluntary administration
The Australian business of unisex fashion brand Dion Lee has been placed into voluntary administration, with the company’s financial status remaining undisclosed. The brand has appointed DVT Group as voluntary administrators for its Australian-based operations. Administrator Antony Resnick and his team are working to assess all options regarding the company’s US business. “We are in the very…