The disruption and financial pressures caused by the pandemic are likely to give rise to some common challenges for businesses across sectors, whether the problem concerns a supplier or a customer. While each case will require specific advice, parties should be generally aware of some recent changes to legal remedies available when approaching a dispute.…
New Zealand Super Rugby franchises the Crusaders and the Hurricanes have won their bid to have the company behind Ticket Rocket liquidated. As reported by the Stuff website, Fortress Information Systems Ltd which traded as Ticket Rocket, was not represented in the High Court of Dunedin this morning. Lawyers acting on behalf of the Hurricanes…
The company was directed by Canadian businessman Matthew Davey out of Dunedin but he is understood to have returned to Canada. Photo by Peter McIntosh. The embattled company behind Ticket Rocket is now in liquidation, owing nearly $350,000 to two Super Rugby franchises. Fortress Information Systems Ltd was called before the High Court at Dunedin…
Vrgin Australia is expected to remove free food and drinks from economy class and potentially adopt a ‘buy on board’ model when new owners Bain Capital reveals its plans for the rescued and rebooted airline next month The move is part of a sweeping push to lower Virgin’s cost base and reduce ticket prices framed…
Banks are not taking enough risk if no loans ever go bad after all banks are in the business of providing risk capital at an appropriate price. But given a certain proportion of loans will go bad, how should banks provide for them in their accounts without knowing exactly which ones will tip over? “Businesses…
NEW DELHI: The Dhoot family has offered to pay Rs 30,000 crore to lenders to settle their outstanding loans and pull out 13 Videocon group companies from the insolvency proceedings. A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told . Venugopal Dhoot…
Banks are not taking enough risk if no loans ever go bad after all banks are in the business of providing risk capital at an appropriate price. But given a certain proportion of loans will go bad, how should banks provide for them in their accounts without knowing exactly which ones will tip over? “Businesses…
By Wayne Robinson | 18 September 2020 The company that was formerly Sunshine Coast based Express Print & Mail is in liquidation, with debts listed at $4m, however the Express Print & Mail business, including the brand itself, was sold prior to liquidation, and is now trading from a new address in nearby Kunda Park.…
By Wayne Robinson | 25 September 2020 The Sunshine Coast printing operation trading as Express Print & Mail took a five-year lease on its new 1400sqm Kunda Park premises on 1 April, before the company that had previously owned the business and the same name, was put into liquidation with debts listed at $4m. New…
In what is definitely one of the more unfortunate social media blunders of the year, STA Travel travel has published a sponsored Facebook post advertising places to go in 2021. Yes, the same STA Travel that was placed in liquidation last month after being placed in voluntary administration, leaving many travellers in the lurch. Introducing…