In a recent case, the High Court has provided important clarification on the treatment of retention monies, reinforcing the statutory trust obligations under the Construction Contracts Act 2002 (CCA). Retention monies under the CCA are trust property. In Burt v Grant [2025] NZHC 2486, the High Court has held that as a consequence, retention monies…
Qld earthmoving business collapses with seven figure debt The Cairns Post Read the original article here
Industry groups are calling for urgent packaging reform and greater regulatory certainty following the voluntary administration this week of Adelaide-based recycler Recycling Plastics Australia. Waste Management and Resource Recovery Association of Australia (WMRR) Chief Executive Officer Gayle Sloan said the situation should serve as a warning to governments about the pressures facing Australian recyclers. “The…
SINGAPORE – An investor failed in its bid to recover US$5 million from the co-founder of collapsed cryptocurrency company Babel Finance after its investment was wiped out during a mass liquidation of the company’s trading accounts in 2022. The High Court on Sept 1 found that co-founder Wang Li, who was responsible for Babel Finance’s…
Online conveyancing firm Settle Easy has been acquired by newly established legal practice Legal Easy after entering voluntary administration in late May, with interim CEO Roy Kim outlining a technology-led strategy to rebuild the business before pursuing fresh distribution partnerships. The acquisition of the Settle Easy business and brand was completed on 30 June, ending…
Glasgow design agency in liquidation TheBusinessDesk.com Read the original article here
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September 3, 2026 — 12:40pm Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA The state’s building regulator has ordered the collapsed Sydney developer Bathla Group to fix serious defects in one of its major projects, as administrators desperately work to save the company…
SETTLE Easy, one of the country’s largest conveyancing firms, will continue trading as administrators probe turnaround options after the company’s dramatic collapse. The Melbourne-based company revealed last week that it was in financial dire straits, with co-founder and CEO Sam Almaliki posting to LinkedIn of the “difficult decision to put the company into voluntary administration”,…
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